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