Wells Fargo raised the firm’s price target on Western Digital (WDC) to $180 from $150 and keeps an Overweight rating on the shares. The firm thinks Western Digital shares should continue to work higher given better rptd / guided gross margin, pull-forward in HAMR plus ePMR roadmap, extending order visibility, share repurchase plus 25% dividend increase, and valuation discount vs. Seagate (STX).
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