Wedbush Remains Neutral on SanDisk after 2012 Analyst Day

Wedbush Securities has published a research report on SanDisk

after the company held its 2012 Analyst Day yesterday. In the report, Wedbush writes, "SanDisk's (

) held its 2012 Analyst Day at its HQ in Milpitas, CA, yesterday with presentations from management highlighting (1) new products and growth opportunities in the OEM and Retail businesses, (2) technology roadmap, and (3) strategy to continue to deliver strong financial performance in 2012 and beyond. While there were no major surprises with SanDisk reaffirming its 2012 full-year outlook, the spotlight and attention was firmly centered on the company's strategy for the client and enterprise solid state drive (

) markets and SanDisk's inherent advantages with its vertically integrated model." Wedbush maintains its Neutral rating and $45 price target on SanDisk, which is currently trading down $0.30 from yesterday's $48.23 closing price.