Wedbush raised the firm’s price target on Western Digital (WDC) to $90 from $78 and keeps an Outperform rating on the shares. For the second quarter in a row, Western Digital reported strong results and provided a better than consensus outlook, the firm notes. Specifically, Western Digital is seemingly set to benefit from continued favorable mix shift amidst an extremely favorable industry backdrop, Wedbush adds.
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- Western Digital price target raised to $92 from $83 at Morgan Stanley
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