UPDATE: Summit Research Upgrades SanDisk

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On Monday, analysts at Summit Research upgraded shares of SanDisk Corporation SNDK from Hold to Buy and raised the price target from $87 to $108.

Analyst Srini Sundararajan stated, “We are moving to a BUY on SNDK based on the weak Yen helping with GM more than any other factor. Japan had a snap election and a weak-Yen-favoring Shintaro Abe is back in the saddle.”

Shares of SanDisk closed Monday at $97.57, down 1.2 percent.

Posted In: Analyst ColorUpgradesAnalyst RatingsSrini SundararajanSummit Research
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