BofA has raised its price target for Western Digital Corporation (WDC) to $375 from $345, reiterating a Buy rating after meetings with the CFO. This adjustment reflects increased confidence in management’s ability to achieve long-term financial targets. Western Digital also plans to divest $3.17 billion in SanDisk holdings to strengthen its balance sheet and capitalize on cyclical storage demand recovery.
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BofA Boosts Western Digital Corporation (WDC) Target to $375 Following Strategic Outlook Update
BofA has raised its price target for Western Digital Corporation (WDC) to $375 from $345, reiterating a Buy rating after meetings with the CFO. This adjustment reflects increased confidence in management’s ability to achieve long-term financial targets. Western Digital also plans to divest $3.17 billion in SanDisk holdings to strengthen its balance sheet and capitalize on cyclical storage demand recovery.