Debt - News

Western Digital Downgraded on Fears Its NAND Memory Unit Will Ramp Up Debt

Western Digital‘s balance sheet is one to watch as the supply-demand dynamics for the chip industry worsen, according to one


Goldman Sachs


analyst who downgraded the stock.

Toshiya Hari on Thursday lowered his rating on the data storage maker’s stock to Sell from Neutral. He also lowered his price target, to $31 from $43.


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