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Western: Jefferies Sees Good Signs in NAND, Not Just Drives

Even before this morning’s pre-announcement by hard drive maker Seagate Technology (STX) of better-than-expected fiscal Q1 revenue, Jefferies & Co.’s James Kisner overnight reiterated his Buy ratings on shares of both Seagate and competitor Western Digital (WDC), and he had some upbeat things to say about the the NAND flash memory chip market as well. For Seagate, Kisner raised his price target to $44 from $38, while for Western, his target goes to $70 from $54.
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