Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on SanDisk Corporation

Related SNDK
UPDATE: Summit Research Upgrades SanDisk
#PreMarket Primer: Monday, November 24: Talks With Iran Unlikely To Yield A Deal
Report: Oracle Nearing Deal for Micros Systems (Fox Business)

In a report published Monday, Jefferies & Company reiterated its Buy rating on SanDisk Corporation (NASDAQ: SNDK), and raised its price target from $46.00 to $51.00.

Jefferies noted, “SNDK has rallied 30% off the bottom, and investor expectations have increased. We maintain our Buy rating for two reasons: 1) we continue to believe a combination of improving product mix and higher NAND prices is likely to drive gross margin upside near term, and 2) we view the upcoming Win8 launch as a positive catalyst. Reit Buy with $51 PT.”

SanDisk Corporation closed on Friday at $42.28.

Latest Ratings for SNDK

DateFirmActionFromTo
Dec 2014Stifel NicolausMaintainsBuy
Dec 2014Summit Research PartnersUpgradesHoldBuy
Nov 2014BTIG ResearchInitiates Coverage onBuy

View More Analyst Ratings for SNDK
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (SNDK)

Around the Web, We're Loving...

Get Benzinga's Newsletters