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via finance.yahoo.comMarkets

Morgan Stanley cuts Western Digital target, raises Seagate target amid HDD selloff

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Morgan Stanley on Tuesday lowered its price target on Western Digital to $643 from $676, while raising its target on Seagate Technology to $1,200 from $1,187, citing growing uncertainty around competition and AI funding despite strengthening hard disk drive…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralDivergent target changes on two HDD makers may influence the storage sector ahead of earnings.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Morgan Stanley lowered its Western Digital target to $643 from $676.
  2. 02Its Seagate target was raised to $1,200 from $1,187.
  3. 03The firm said it remains an aggressive buyer of both ahead of quarterly earnings.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Western Digital CorporationWDCStock357.69 USD+2.05%today +1.55%Negative Seagate Technology Holdings plcSTXStock674.99 USD+3.12%today +2.15%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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