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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POSITIVE IMPACT
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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100