Deutsche Bank Reports on SanDisk (SNDK)

In a report released yesterday, Deutsche Bank commented on SanDisk

. In their report, Deutsche Bank was mixed in its outlook of the company. Deutsche Bank writes, “SNDK continues to benefit from strong OEM demand for NAND flash and limited industry supply growth. While the company expects to be supply constrained through 2011 and is incrementally more positive about industry pricing, we retain our Hold rating as we remain concerned about a less benign supply & demand environment in 2H11. Our P/T is unchanged at $55.” Deutsche Bank currently has a Hold rating on SanDisk and a price target of $55.00. Shares of SanDisk closed at $47.37 yesterday, up from the open at $47.29.