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Fly News Breaks for March 27, 2015
SNDK
Mar 27, 2015 | 08:10 EDT
Pacific Crest cut its price target on SanDisk after the company issued a negative preannouncement. The firm says it believes there are some supply/demand imbalances in the NAND market, but adds that it is unsure if SanDisk's lower enterprise revenue was demand-related or caused by supply constraints at SanDisk. The firm keeps an Outperform rating on the shares, citing the company's leadership position in NAND technology and its benefits from yen depreciation.
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