Western Digital (WDC) Misses Q3 EPS by 8c

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Baird Downgrades Western Digital Corp. (WDC) to Neutral

April 29, 2016 6:30 AM EDT

Baird downgraded Western Digital Corp. (NASDAQ: WDC) from Outperform to Neutral with a price target of $50.00 (from $55.00), saying pricing pressure is a concern.

Analyst Jayson Noland commented, "WD guided to a weaker-than-expected June quarter based on challenges in the PC market and the performance... More