Citigroup Initiates Coverage On Western Digital with Buy Rating, Announces Price Target of $90
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Asiya Merchant initiates coverage on Western Digital (WDC) with a Buy rating and a price target of $90.
May 14, 2024 | 1:17 pm
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POSITIVE IMPACT
Citigroup has initiated coverage on Western Digital with a Buy rating and a price target of $90, indicating a positive outlook on the stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices in the short term. A Buy rating from a reputable firm like Citigroup suggests a strong confidence in the company's future performance, potentially leading to increased investor interest and a rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100