Pacific Crest Comments On Possible Affects Of Limited 2014/2015 3D NAND Supply

In a report published Friday, Pacific Crest analyst Monika Garg released a note in which she said that Micron Technology (NASDAQ: MU) 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 SanDisk (NASDAQ: SNDK) 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.