Western Digital price target raised to $150 from $92 at Loop Capital

Loop Capital raised the firm’s price target on Western Digital (WDC) to $150 from $92 and keeps a Buy rating on the shares. The firm contends that the materially accretive economic dynamics are durable and remain in the beginning stages, the analyst tells investors in a research note. The stock has also “cracked open” the earnings multiple re-rating conversation while the HDD economic accretion is still accelerating, Loop added.

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