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UPDATE: ISI Upgrades SanDisk, Sees Cost Improvements And Advantages

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ISI Group analyst C.J. Muse upgraded SanDisk (NASDAQ: SNDK) from Neutral to Strong Buy and raised the price target from $87.00 to $110.00.

Muse reported that SanDisk is on a “clear path” for cost improvements on planar NAND. The analyst added that the decision to move into 3D later may prove to be a competitive advantage as peers are facing early process challenges in 3D.

ISI Group remains optimistic on the balanced NAND supply and demand into 2015 and nascent enterprise storage demand. The analyst added that SanDisk is “well positioned” to dominate the enterprise storage market due to vertical integration and cost leadership.

SanDisk will hold investor day on May 7, 2014.

Shares of SanDisk closed at $85.64 on Friday and are currently trading at $86.64, up 1.17 percent.

Latest Ratings for SNDK

DateFirmActionFromTo
Mar 2016SusquehannaDowngradesPositiveNeutral
Mar 2016CitigroupMaintainsNeutral
Mar 2016CitigroupDowngradesBuyNeutral

View More Analyst Ratings for SNDK
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Posted-In: C.J. Muse ISI GroupAnalyst Color Upgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
SAMEvercore ISI GroupMaintains1,500.0
SEAutonomous ResearchInitiates Coverage On378.0
ALHCMorgan StanleyInitiates Coverage On36.0
ALHCRaymond JamesInitiates Coverage On30.0
HAEMorgan StanleyDowngrades83.0
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