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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 195.95-20.3%3:59 PM EST
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From: franklin16/6/2018 7:56:59 AM
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From Alpha..

Cowen raises its Western Digital target to 22% upside
Jun. 6, 2018 7:49 AM ET|About: Western Digital Corporation (WDC)|By: Brandy Betz, SA News Editor

Cowen maintains an Outperform rating and raises its Western Digital (NYSE: WDC) price target from $100 to $105, a 22% upside to yesterday’s close.

Firm sees the opportunity for another beat and raise.

Price target increase accounts for the stock buybacks within the quarter, “less draconian” NAND ASP declines this CY, and improving bit growth and yields of 64L and 96L 3D NAND that should drive 25% cost improvement for the year.
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