Market Overview

Morgan Stanley Defending Sandisk, Remains Overweight

Related SNDK
Why The Recent Selloff In Silicon Motion May Have Been Overdone
Western Digital Ups Guidance On Strong Demand, Fundamental Execution

Below is a quote from the note:

"Impact is from largely self inflicted issues as NAND pricing outlook hasn't worsened since January, but we clearly underestimated company specific headwinds. This will take a while to fix, but continue to see $6 LT earnings power and we like supply/demand prospects for 2h and 2016."

Read the full article here.

Latest Ratings for SNDK

Mar 2016SusquehannaDowngradesPositiveNeutral
Mar 2016CitigroupMaintainsNeutral
Mar 2016CitigroupDowngradesBuyNeutral

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