Stay Cautious On Semi-Conductor Major SanDisk (SNDK)

Morgan Stanley (NYSE: MS) believes that the share price of the semi conductor major SanDisk (NASDAQ: SNDK) will fall relative to the industry in the next 60 days.

A rise in NAND memory spot pricing has ensured a 2:1 outperformance of the stock vis-à-vis the peers. Morgan Stanley believes that NAND memory prices are bound to fall in the near term and this in turn will impact the scrip negatively. The analysts have stated a 60% to 70% chance for this scenario to occur.