BofA raised Western Digital Corporation’s price target to $375 and reiterated a Buy rating, citing increased confidence in management’s ability to meet financial targets. Western Digital also announced a $3.17 billion divestment in SanDisk to reduce debt and strengthen its balance sheet. The company is a major player in data storage solutions.

Read more at Yahoo Finance: BofA Boosts Western Digital Corporation (WDC) Target to $375 Following Strategic Outlook Update