SanDisk Downgraded, As It ‘Needs Time To Heal’

By | April 16, 2015

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Flash-memory chipmaker SanDisk (SNDK) got downgrades and price target cuts Thursday after its weak earnings and outlook, but analysts in general gave the company the benefit of the doubt, with one saying it was “fixable.” Pacific Crest Securities analyst Monika Garg, in a research report, lowered her price target on SanDisk stock to 75 from 82 but maintained an overweight rating. She said “we remain outperform due to SanDisk’s leadership in Nand Scalper1 News

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