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Western Digital vs. Seagate: Only One Is a Buy

Storage-drive makers Western Digital (WDC) and Seagate Technology (STX) are gaining on Friday, although Stifel's Kevin Cassidy says only one is a buy. Cassidy resumed coverage on both stocks today, with a Buy rating and $105 price target on Western Digital and a Hold rating and $49 target on Seagate. Cassidy highlights the company's vertically integrated supply in the NAND Flash market, which will benefit from the transition from HDDs to solid state drives (SSDs).