SanDisk (SNDK) hesitates on Q1 earnings, downgrade

SanDisk Corporation SNDK shares fell 5.4% to $67.30 after the company reported weaker-than-expected earnings for the first quarter. Analysts at Deutsche Bank downgraded SanDisk from buy to hold and lowered the price target from $80 to $65. Share volume totaled 15.7 million, compared to an all-day average of five million