Citi analyst Asiya Merchant raised the firm’s price target on SanDisk (SNDK) to $875 from $750 and keeps a Buy rating on the shares following Micron’s (MU) earnings report. Micron last night said NAND demand will exceed supply for the foreseeable future, the analyst tells investors in a research note. Citi recommends buying SanDisk on continued demand strength.
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