Rosenblatt analyst Kevin Cassidy raised the firm’s price target on Western Digital (WDC) to $500 from $340 and keeps a Buy rating on the shares. The company reported “another strong beat-and-raise” quarter, with gross margins above 50%, the analyst tells investors in a research note. The firm believes Western Digital’s long-term thesis remains intact despite some disappointment the beat was more muted compared to its rival.
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