Raymond James Downgrades Western Digital to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri downgraded Western Digital (NASDAQ:WDC) from Outperform to Market Perform, indicating a neutral outlook on the company's stock.
April 22, 2024 | 11:30 am
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NEUTRAL IMPACT
Western Digital downgraded by Raymond James from Outperform to Market Perform, suggesting a neutral future performance.
The downgrade by a prominent analyst firm like Raymond James typically influences investor perception, potentially leading to a neutral or slightly negative short-term impact on the stock price. However, the change to 'Market Perform' suggests an expectation of the stock performing in line with the market, rather than underperforming.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100