SanDisk Corporation Acquisition By Western Digital Corporation May Not Be In The Best Interest Of SNDK Shareholders

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Go back to SanDisk Corporation Acquisition By Western Digital Corporation May Not Be In The Best Interest Of SNDK Shareholders

BMO Capital Questions Western Digital's (WDC) Proposed Purchase of SNDK; Cuts Price Target to $77

October 29, 2015 8:10 AM EDT

BMO Capital reiterated an Outperform rating on Western Digital Corp. (NASDAQ: WDC), and cut the price target to $77.00 (from $92.00), following the company's 1Q16 earnings results. WDCs results were in line with its pre-announcement, though guidance was below expectations. Analyst Keith Bachman questions... More