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Fly News Breaks for March 24, 2016
SNDK, WDC
Mar 24, 2016 | 07:03 EDT
Citi analyst Stanley Kovler raised his price target for Western Digital (WDC) to $60 after rolling forward his valuation to 2017, the first full year of the combined company with SanDisk (SNDK). Following shareholder approval of the merger, only China's MOFCOM likely approval remains, Kovler tells investors in a research note. He keeps a Buy rating on Western Digital.