NEW YORK ( TheStreet) -- Western Digital ( WDC) stock has jumped 5.8% to $40.30 and Seagate ( STX) stock has added 3.7% at $19.60 after Brean Murray, Carret published a note in defense of Western Digital and Seagate's fundamentals. Brean Murray, Carret maintains its bullish view on hard disk-drive fundamentals and continues to believe that both Seagate and Western Digital are on their way to "very solid" March quarters, with earnings per share and gross margin comparable to that of their December quarters. "There was a lot of noise in drive land after we defended Seagate and Western Digital on March 3; so we've revisited our checks and our conclusions remain the same; we've not found any material changes in the industry landscape regarding pricing and unit shipments," Brean Murray, Carret analyst Ananda Baruah wrote in a note to investors. Although lately there's been some concern about pricing softness in the industry, Brean Murray, Carret maintains that the extent of price declines remain limited and the top-line impact of these declines has been offset with volume. "We believe March quarter PC industry shipments remain on track despite concerns of slowing in March," Baruah writes. Brean Murray, Carret currently has a buy rating on both Seagate and Western Digital stock, with targets of $25 and $50 respectively. -- Reported by Andrea Tse in New York Follow TheStreet.com on Twitter and become a fan on Facebook.