Morgan Stanley Reiterates Overweight on Western Digital, Maintains $52 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has reiterated an Overweight rating on Western Digital (NASDAQ:WDC) and maintained a $52 price target.
August 04, 2023 | 9:38 am
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Morgan Stanley has reiterated an Overweight rating on Western Digital and maintained a $52 price target, which could positively impact the company's stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. An Overweight rating suggests that the analyst believes the company's stock will outperform the market, which could lead to an increase in the stock price. The maintained price target of $52 also indicates the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100