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Bank of America Keeps Buy Rating on Western Digital, Cuts Price Target to $720
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News EditorBank of America reiterated its Buy rating on Western Digital while trimming its price target to $720 from $732. The bank said the company's quarterly growth was driven mainly by price increases, not higher shipment volumes.
Bank of America (BofA) maintained its Buy rating on Western Digital but lowered its price target to $720 from $732. BofA noted that the company's growth this quarter came primarily from higher prices rather than increased shipments.
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