Morgan Stanley Maintains Overweight on Western Digital, Raises Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on Western Digital (NASDAQ:WDC) and increased the price target from $73 to $83.
April 18, 2024 | 4:56 pm
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Morgan Stanley has reaffirmed its Overweight rating on Western Digital and raised its price target from $73 to $83.
The upgrade in the price target by a reputable analyst like Joseph Moore from Morgan Stanley is a strong positive signal to the market, indicating a bullish outlook on Western Digital's future performance. This is likely to instill confidence among investors, potentially driving up the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100