Western Digital price target lowered to $68 from $82 at Mizuho

Mizuho lowered the firm’s price target on Western Digital (WDC) to $68 from $82 and keeps an Outperform rating on the shares. With tariffs creating significant auto and semidoncutor supply chain uncertainty, the firm cut price targets in the hard-disk-drive and memory markets ahead of earnings. However, it maintains Outperform ratings with the shares having pulled back.