Mizuho has adjusted its price target for Western Digital (WDC, Financial), reducing it from $82 to $68. Despite this revision, the firm has maintained its Outperform rating for the company's stock. This change comes in light of ongoing uncertainties in the auto and semiconductor supply chains, largely driven by tariffs that are impacting these sectors.
As the market anticipates upcoming earnings reports, Mizuho has proactively reduced price targets within both the hard-disk-drive and memory markets. However, the decision to uphold an Outperform rating indicates confidence in the stock's potential, despite recent declines.
