Mizuho downgraded its rating of Western Digital WDC to Neutral with a price target of $40.00, changing its price target from $62.00 to $40.00.
Shares of Western Digital are trading up 0.76% over the last 24 hours, at $35.81 per share.
A move to $40.00 would account for a 11.7% increase from the current share price.
About Western Digital
Western Digital is a vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
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