Susquehanna analyst Mehdi Hosseini lowered the firm’s price target on Western Digital (WDC) to $72 from $83 and keeps a Neutral rating on the shares. The firm updated its estimates following its earnings and said prospects of NAND rebound into 2H25 could help offset any weakness in HDD EB shipmen that they are anticipating. Nonetheless, Susquehanna thinks the upcoming split of Flash from HDD, and the sum of the parts will be the key near-term catalyst.
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