BMC Reiterates Buy and PT of $48 on Western Digital

BMC reiterated its Buy rating on Western Digital (NYSE: WDC). At the same time, the rating agency left its price target on the company's stock unchanged at $48. On Thursday, WDC lost 7.75% of its value to end the day at $35.13. Its shares are rebounding in today's pre-market trading, rising 3.3% to stand around $36.29.