Western Digital to buy SanDisk in $19 billion deal

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RBC Capital Raises Price Target Following Lam Research's (LRCX) 1Q16

October 22, 2015 8:45 AM EDT

RBC Capital reiterated an Underperform rating on Lam Research (NASDAQ: LRCX), and raised the price target to $56.00 (from $52.00), following the company's 1Q16 earnings results. Lam introduced CY16 WFE expectation of flat to down slightly, in line with consensus, but optimistic compared to our... More

UBS Upgrades Western Digital Corp. (WDC) to Neutral

October 22, 2015 8:24 AM EDT

UBS upgraded Western Digital Corp. (NASDAQ: WDC) from Sell to Neutral with a price target of $75.00 (from $67.00) following the deal to acquire SanDisk.

Analyst John Roy commented, "WDC's planned purchase of SanDisk would seem to have potential US regulatory and Toshiba... More

Western Digital's (WDC) Price Target Trimmed at FBN

October 21, 2015 11:20 AM EDT

FBN Securities maintained a Sector Perform rating on Western Digital Corp. (NASDAQ: WDC) and lowered its price target to $80.00 (from $90.00). Analyst Shebly Seyrafi noted increased integration challenges given its deal to acquire Sandisk (NASDAQ: SNDK).

"This morning,... More

Jefferies Reiterates Buy on Western Digital (WDC) on Possible Merger with Sandisk (SNDK)

October 21, 2015 8:43 AM EDT

Jefferies reiterated a Buy rating on Western Digital Corp. (NASDAQ: WDC), and cut the price target to $111.00 (from $116.00), ahead of possible merger with Sandisk (NASDAQ: SNDK). Bloomberg has reported that WDC may acquire SNDK for... More

BTIG Upgrades SanDisk (SNDK) to Neutral

October 21, 2015 8:40 AM EDT

BTIG upgraded SanDisk (NASDAQ: SNDK) from Sell to Neutral.

For an analyst ratings summary and ratings history on SanDisk click here. For more ratings news on SanDisk click here.

Shares of SanDisk closed at $75.19 yesterday.

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