Summit Research Compares Micron Technology, Inc. And SanDisk Corporation
In a note out Wednesday morning, Summit Research analyst Srini Sundararajan delves into the major differences between Micron Technology, Inc. (NASDAQ: MU) and SanDisk Corporation (NASDAQ: SNDK), and why he favors Micron.
Some of the key takeaways:
- Micron is Mainly a DRAM Player, Sandisk NAND
- iPhone 6: Bigger Screen Version Will be a DRAM Hog
- Recent Weakness in MU Unwarranted …DRAM is in Shortage and Will Be Through Next Year
- SanDisk's stock weakness might have been due to its facing an ever so slightly adverse turn of events/small setback in their patent tussle with Netlist
Summit Research currently has a Buy rating on Micron, with a $46 price target. The stock was last down 0.08 percent.
The firm has a Hold rating on SanDisk with an $87 price target. The stock was last up 0.05 percent.
Latest Ratings for MU
|Oct 2015||Bank of America||Downgrades||Neutral||Underperform|
|Oct 2015||Credit Suisse||Maintains||Outperform|
|Oct 2015||Morgan Stanley||Maintains||Equal-weight|
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