Rosenblatt analyst Kevin Cassidy relaunched coverage on Western Digital WDC, giving the stock a Buy and lowering the price target from $76 to$50 on Tuesday.Cassidy noted Western Digital’s spin-off of SanDisk, and the price target reflects 10 times the analyst’s adjusted EPS estimate for the next 12 months.Also Read: Western Digital Stock Is Attractive, Backed By Cheap Valuation And AI Surge: AnalystThe analyst used a 10 times earnings valuation based on expected profitable growth as the HDD market continue ...