Sherwin-Williams upgraded to Overweight from Equal Weight at Wells Fargo
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Yahoo
17 minutes ago
- Yahoo
Wells Fargo Lifted Western Digital (WDC) Target to $95, Maintains Buy
Western Digital Corp. (NASDAQ:WDC) is one of the best large-cap tech stocks to buy now. On July 31, Wells Fargo's Aaron Rakers reaffirmed his Buy rating on Western Digital (NASDAQ:WDC), while lifting his price target to $95 from $80. His positive stance follows quarterly results and guidance that came in ahead of expectations, strengthening the case for the company's growth outlook. Rakers pointed to notable momentum in Western Digital's nearline storage segment, where shipment volumes exceeded forecasts, signalling competitive gains against peers. A data center filled with racks of hard disk drives and solid state drives. He also highlighted the company's ongoing technology investments, including progress in HAMR development and the broader rollout of UltraSMR, which he expects will support both revenue expansion and margin improvement in the years ahead. The analyst's long-term model now pencils in an annual revenue growth in the mid-teens, helped by firm pricing trends and operational efficiencies. With strong demand from hyperscale cloud customers adding another layer of support, Rakers sees Western Digital well-positioned to deliver sustained growth, justifying the higher price target alongside the Buy rating. Western Digital Corp. (NASDAQ:WDC) is a prominent developer and manufacturer of data storage devices and solutions. The company's product range includes hard disk drives (HDDs), NAND flash-based products, and external storage systems tailored for both consumer and enterprise markets. While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Most Oversold Semiconductor Stocks So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
an hour ago
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Bearing gifts: Does giving an allowance teach children about money?
Thanks to inflation, largely gone are the days where kids could wander down to the penny candy store to buy themselves a cheap treat. So, how much money should you now give your children in an allowance? A Wells Fargo study released July 2 found that 71% of parents with children ages 5-17 give them an average weekly allowance of $37. The study also looked at how allowances are distributed and how parents feel about teaching their kids about money. The study was conducted online between April 28 and May 8, 2025, with data collection provided by Ipsos. It surveyed 1,587 U.S. parents aged 18 and older with at least one child between 5 and 17 years of age in the household. The study has a 'credibility interval' of +/- 3%. How do parents give an allowance? The study found that 73% of parents who provide a weekly allowance use cash. Another 24% of parents use a peer-to-peer payment method, such as Zelle or Apple Pay. Others use direct deposit to a bank account or pre-paid debit cards. 'The most surprising result of this study is how much cash is being used, even as parents understand their children prefer digital payment options,' Louann Millar, leader of youth and student banking at Wells Fargo, said in a press release. 'Children today have different financial experiences than their parents did.' Does giving an allowance teach children about money? The survey found that 51% of parents struggle to teach their children about money, with 32% feeling "uncomfortable" talking with their kids about money. Overall, 85% of parents believe that giving their kids an allowance helps them learn about spending, but 65% find it difficult to step back and let kids make their own money mistakes, according to the survey. Millar said that an allowance can be a useful tool to teach children about needs versus wants, money habits and prioritization. 'An allowance is a vehicle that enables children to learn about money with guardrails,' Millar said. "Whether you're giving your child $5 or $35 a week, the payment opens the door to a financial conversation. " This article originally appeared on The Providence Journal: How much allowance should I give my kid? Study shows the average Solve the daily Crossword
Bloomberg
an hour ago
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Wells Fargo on Creating Value Through Business Transformation
Ashley Regner, Chief Data Officer, Wells Fargo joins Bloomberg's Diksha Gera to discuss how she has used data to accelerate business results by optimizing business processes and building customer-centric solutions at The Business Value of AI event in Atlanta. (Source: Bloomberg)
