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Fly News Breaks for April 17, 2015
SNDK
Apr 17, 2015 | 08:40 EDT
After SanDisk reported lower than expected profits, Bernstein thinks that the company is responding correctly to its short-term headwinds, while it remains well-positioned to benefit from enterprise NAND growth over the long-term. The firm believes that the potential of a takeover bid in the short-term to medium term should boost the stock. It keeps an $80 price target and Outperform rating on the shares.
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