Citi Reiterates Buy on Western Digital, Reduces PT to $55

Citi reiterated its Buy rating on Western Digital

. At the same time, the rating agency reduced its price target on the company's stock from $60 to $55. On Thursday, WDC lost 7.75% of its value to end the day at $35.13. Its shares rebounded in today's pre-market trading, rising 1.05% to stand around $35.50.