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A statement released earlier today by Goldman Sachs about Western Digital Corp. (NYSE:WDC) bumps down the target price to $38.00

Boasting a price of $45.05, Western Digital Corp. (NYSE:WDC) traded 0.56% lower on the day. With the last stock close down 18.20% relative to the 200-day moving average, compared with the S&P 500 which has fallen -0.01% over the same time. WDC has recorded a 50-day moving average of $47.64 and 200-day average of $46.22. Trade volume was was down over the average, with 4,743,886 shares of WDC changing hands under the typical 5,338,490 shares.

Goldman Sachs dropped the price target of Western Digital Corp. (NYSE:WDC) to $38, reporting a possible downside of -0.16%,

Previously on Friday July 29 2016, Cowen released a statement for Western Digital Corp.(NYSE:WDC) upped the target price from $50.00 to $55.00. At the time, this indicated a possible upside of 0.16%.

See Graphic Below:

Western Digital Corp. (NYSE:WDC)

Also covering Western Digital Corp.’s target price, a total of 25 brokerages have issued a report on Western Digital Corp.. The average target price is $58.62 with nine analysts rating the stock a strong buy, 10 analysts rating the stock a buy, 11 analysts rating the stock a hold, one brokerage rating the stock to underperform, and lastly 0 analysts rating the company as sell.

Western Digital Corp. has a PE of 55 with a one-year low of $34.99 and a one-year high of $86.39 and has a market capitalization of $0.0.

Brief Synopsis On Western Digital Corp. (NYSE:WDC)

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, and hard drive content solutions and flash content solutions). The Company develops and manufactures a portion of the recording heads and magnetic media used in its hard drive products.

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