Morgan Stanley Remains Positive On SanDisk Corporation

In a report published Thursday, Morgan Stanley analyst Joseph Moore reiterated an Overweight rating and $115.00 price target on SanDisk Corporation SNDK. In the report, Morgan Stanley noted, “Apple's increase in NAND per phone has material (but small) short term impact to NAND suppliers, but big long term impact. 67% lower price per GB to consumers will increase NAND use in Apple and Android devices, providing a long awaited source of demand elasticity, without major price declines.” SanDisk Corporation closed on Wednesday at $100.22.