TD Cowen analyst Krish Sankar lowered the firm’s price target on Western Digital (WDC) to $58 from $80 and keeps a Buy rating on the shares. The firm said results beat expectations as gross margins are expected to cross the 40% mark in June quarter, an all-time high for the industry.
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Read More on WDC:
- Western Digital price target raised to $45 from $40 at UBS
- Western Digital price target raised to $58 from $55 at Benchmark
- Western Digital price target lowered to $50 from $80 at Barclays
- Western Digital’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating and Increased Price Objective
- Western Digital reinstated with Overweight from Neutral at JPMorgan