5 Downgrades of Note

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Mizuho Securities Downgrades Western Digital Corp. (WDC) to Neutral

September 21, 2022 4:29 AM EDT

Mizuho Securities analyst Vijay Rakesh downgraded Western Digital Corp. (NASDAQ: WDC) from Buy to Neutral with a price target of $40.00.

The analyst comments "We are downgrading MU and WDC, as our recent checks show steepening price declines into DecQ and 1H23. Also, key data center/server markets are starting to show weakness, with softening demand in... More