Analysts Cut Western Digital Price Target Post Q2 Results

Analysts Cut Western Digital Price Target Post Q2 Results
Western Digital X WIRED host "A Data-Driven Future: The Future of Mobility and Transportation in 2039" in Milpitas, Calif., on Nov. 14, 2019. Ian Tuttle/Getty Images for WIRED
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Analysts on Western Digital Corp. following Q2 FY22 results.

Deutsche Bank analyst Sidney Ho lowered the price target to $70 from $81 (40 percent upside) and kept a Buy. The company’s guidance was once again below Street estimates, but it remains positioned for a second-half recovery. The analyst believes the stock’s risk/reward is attractive.