Western Digital price target raised to $730 from $575 at Wells Fargo
Wells Fargo raised the firm's price target on Western Digital to $730 from $575 and keeps an Overweight rating on the shares. The firm is now constructive on Western Digital as it sees hard-disk-drive industry fundamentals supporting sustained 20-25-times next twelve months price-to-earnings re-rate.
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10:21:24 AM UTC
SquawkNews
Wells Fargo Raises Western Digital Corp Target Price To $730 From $575
Wells Fargo raised the firm's price target on Western Digital to $730 from $575 and keeps an Overweight rating on the shares.
The firm is now constructive on Western Digital as it sees hard-disk-drive industry fundamentals supporting sustained 20-25-times next twelve months price-to-earnings re-rate.