JP Morgan Ups Estimates, Price Target for Sandisk (SNDK)

JP Morgan is raising estimates for Sandisk Corp

. Sandisk is a maker of flash memory and other data storage solutions. JP Morgan analysts Paul Cost, Marija Krgovic, and Mark Strouse upped their price target from $45.00 to $51.00. SNDK is currently trading at $47.08. They said, "With continued evidence that the NAND industry supply and demand remain in balance, we believe ASP/MB pricing will decline at a slower pace than we originally anticipated, and we expect this beneficial state to persist through mid-2011. We are raising estimates accordingly. CY10E PF EPS go to $3.85 from $3.73, and CY11E PF EPS go to $3.38 from $3.00." The analysts maintained their Neutral rating. Learn how to find the best

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