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This Analyst Slashes PT On Western Digital By Around 27%? Plus Keybanc Predicts $4,800 For This Stock

  Barclays cut the price target for Western Digital Corporation (NASDAQ: WDC) from $55 to $40. Western Digital shares fell 0.6% to trade at $36.97 on Monday.
byLisa Levin
September 19, 2022
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  • Barclays cut the price target for Western Digital Corporation (NASDAQ:WDC) from $55 to $40. Western Digital shares fell 0.6% to trade at $36.97 on Monday.

  • Keybanc lowered the price target on NVR, Inc. (NYSE:NVR) from $5,100 to $4,800. NVR shares rose 0.6% to $4,110.92 on Monday.

  • BMO Capital raised the price target for EQT Corporation (NYSE:EQT) from $50 to $65. EQT shares rose 1.3% to $46.67 on Monday.

  • Barclays boosted the price target on Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) from $14 to $16. Norwegian Cruise Line shares rose 1.3% to $15.51 on Monday.

  • Wells Fargo cut the price target for Adobe Inc. (NASDAQ:ADBE) from $425 to $310. Adobe shares fell 0.8% to $297.10 on Monday.

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Founders of companies typically serve as the first Chief Executive Officer of their creation before someone from within the company or from the outside is brought in to lead and potentially push the business in a new direction. Investors oftentimes will invest in companies that have undergone a management change, which can lead to new focus areas and growth opportunities.

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