Morgan Stanley Maintains Overweight on Western Digital, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Overweight rating on Western Digital and raises the price target from $94 to $100.
October 25, 2024 | 1:17 pm
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POSITIVE IMPACT
Morgan Stanley has reaffirmed its Overweight rating on Western Digital and increased the price target to $100, indicating a positive outlook.
The reaffirmation of an Overweight rating and an increased price target by a major financial institution like Morgan Stanley suggests confidence in Western Digital's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100