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Fly News Breaks for October 20, 2015
SNDK
Oct 20, 2015 | 08:27 EDT
Pacific Crest believes that Micron's (MU) results and pricing indicate that price declines are in-line with cost declines. The firm expects SanDisk (SNDK) to report very strong bit growth in 2H15 and remains constructive on the stock due to the company's leadership in NAND technology. Pacific Crest keeps a $41 price target and Overweight rating on the shares.
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