Morgan Stanley raised the firm’s price target on Western Digital (WDC) to $260 from $228 and keeps an Overweight rating on the shares. The firm sees modest revenue upside and pronounced strength in margins to drive positive EPS revisions this quarter for both Seagate (STX) and Western, the analyst tells investors in a preview. Despite continued estimate revisions to its hard disk drive models, the firm still believes its above-consensus FY27 EPS forecast “could be conservative,” the analyst added.
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