- Goldman Sachs analyst Toshiya Hari downgraded Western Digital Corp WDC to Neutral from Buy with a price target of $62, down from $91, implying a 9.6% upside.
- The analyst expects cyclical pressures in the NAND business to more than offset the company's improving competitive position in nearline HDD and enterprise SSD.
- Hari acknowledged that his upgrade in early March was the "wrong call" and now awaits a better entry point from the sidelines.
- Price Action: WDC shares traded lower by 2.56% at $55.1 in the premarket session on the last check Friday.
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WDCWestern Digital Corp
$41.802.18%
Edge Rankings
Momentum
12.06
Growth
2.92
Quality
57.22
Value
65.84
Price Trend
Short
Medium
Long
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