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Fly News Breaks for February 19, 2016
SNDK, WDC
Feb 19, 2016 | 08:10 EDT
Susquehanna believes Western Digital's (WDC) acquisition of SanDisk (SNDK) will allow it to de-risk client SSD cannibalization of HDDs and perhaps even benefit from it. The firm said client SSDs carry a more favorable revenue per unit, gross margin percentage, and operating margins profile than client HDDs. Susquehanna reiterated its Positive rating and $85 price target on Western Digital shares.