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Fly News Breaks for July 23, 2015
SNDK
Jul 23, 2015 | 07:36 EDT
After SanDisk reported higher than expected revenue and margins, Stifel thinks that the company's revenue and gross margins are back on track to rise going forward, though at a slower pace than it had previously estimated. The firm cut its price target on the name to $63 from $75 but keeps a Buy rating on the shares.
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