UPDATE: J.P. Morgan Reiterates Neutral Rating, Lowers PT on Western Digital Corp.
Posted on December 12, 2012 at 12:58 PM EST
In a report published Wednesday, J.P. Morgan & Co. reiterated its Neutral rating on Western Digital Corp. (NASDAQ: WDC ), but lowered its price target from $38.00 to $36.00. J.P. Morgan noted, “We maintain our Neutral rating on WD but are lowering our estimates and Dec-13 price target. While the