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In a report published Friday, Pacific Crest analyst Monika Garg released a note in which she said that
Micron TechnologyMU and Hynix may have limited 3D NAND capacity during 2014 and 2015.
If this turns out to be, Garg noted it would create a "strong" price environment.
Garg is looking for Micron and
SanDiskSNDK to benefit in the second half of 2014 from both NAND pricing and increased demand due to mobile device builds from the back-to-school season.
Garg rates Micron as Sector Perform without a price target and SanDisk as Outperform with a $123 price target.
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