UPDATE: Summit Research Upgrades SanDisk
On Monday, analysts at Summit Research upgraded shares of SanDisk Corporation (NASDAQ: SNDK) from Hold to Buy and raised the price target from $87 to $108.
Analyst Srini Sundararajan stated, “We are moving to a BUY on SNDK based on the weak Yen helping with GM more than any other factor. Japan had a snap election and a weak-Yen-favoring Shintaro Abe is back in the saddle.”
Shares of SanDisk closed Monday at $97.57, down 1.2 percent.
Latest Ratings for SNDK
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2016 | Susquehanna | Downgrades | Positive | Neutral |
| Mar 2016 | Citigroup | Maintains | Neutral | |
| Mar 2016 | Citigroup | Downgrades | Buy | Neutral |
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Posted-In: Srini Sundararajan Summit ResearchAnalyst Color Upgrades Analyst Ratings
