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Western Digital (WDC) Receives a Rating Update from a Top Analyst

In a report released today, Mark Miller from Benchmark Co. maintained a Hold rating on Western Digital (WDCResearch Report). The company’s shares closed yesterday at $34.61.

Miller covers the Technology sector, focusing on stocks such as Western Digital, Advanced Energy, and Coherent Corp. According to TipRanks, Miller has an average return of 17.2% and a 58.06% success rate on recommended stocks.

Western Digital has an analyst consensus of Moderate Buy, with a price target consensus of $45.33.

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The company has a one-year high of $63.26 and a one-year low of $29.73. Currently, Western Digital has an average volume of 4.55M.

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Western Digital Corp. engages in the development, manufacture, market and sale of data storage devices and solutions. It operates through the following product categories: client devices, data center devices and solutions, and client solutions. The client devices category includes mobile, desktop, gaming and digital video hard drives, solid state drives (SSDs), embedded products, and wafers. The data center devices and solutions category covers capacity and performance enterprise hard disk drives (HDDs), enterprise SSDs, data center software, and system solutions. The client solutions category offers removable products, hard drive content solutions, and flash content solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.

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