Western Digital Corp. (WDC) PT Raised to $65 at Wells Fargo
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Price: $487.29 --0%
Rating Summary:
33 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 3
Rating Summary:
33 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 3
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Wells Fargo analyst Aaron Rakers raised the price target on Western Digital Corp. (NASDAQ: WDC) to $65.00 (from $55.00) while maintaining an Overweight rating.
The analyst commented, "WD has been a disappointing call through 2020, and while we expect continued choppy results thru 1H2021, we maintain our view that WD’s Flash business is undervalued (SOTP implies ~$7B Flash EV, or 5.5x EV/EBIT)."
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