Jefferies Sees Compelling Entry Point in Western Digital (WDC)

Jefferies analyst James Kisner reiterated a Buy rating and $116 price target on Western Digital Corp. (NASDAQ: WDC), citing a very interesting entry point.

Kisner commented, "We believe current levels of WDC shares offer a very attractive entry point. We estimate that Street EPS expectations are largely achievable even under a very bearish (we think unrealistic) scenario. We believe the current valuation also doesn't price in potential upside from MOFCOM approval."

For an analyst ratings summary and ratings history on Western Digital Corp. click here. For more ratings news on Western Digital Corp. click here.

Shares of Western Digital Corp. closed at $82.50 yesterday.

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