Memory chip partners Western Digital Corp WDC and Toshiba Corp (USA) TOSYY announced a settlement agreement Tuesday to resolve their ongoing disputes in litigation and arbitration. The agreement provides for the companies to participate jointly in future rounds of investment in Fab 6, a fabrication facility under construction in Japan, including a second tranche announced by Toshiba in October. The companies also extended the terms of their Flash Alliance joint venture through 2029 and Flash Forward through 2027. The Analyst Morgan Stanley analyst Joseph Moore maintained an Equal-weight rating on Western Digital and increased the price target from $90 to $92. The Thesis The resolution with Toshiba provided certainty on long-term NAND supply, Moore said in a Wednesday note. SourceThere is some upside potential, so the price will try to go up and close the gap. $WDC, Western Digital Corporation / D