SanDisk (SNDK) Hiring of Henri Richard a 'Net Positive' - RBC

April 9, 2013 3:58 PM EDT
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Price: $76.18 --0%

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RBC Capital reiterated its Outperform rating and $65 price target on SanDisk (NASDAQ: SNDK) Tuesday following the hiring of Henri Richard as senior vice president of worldwide OEM & enterprise sale.

RBC analyst Doug Freedman called the move a "net positive" and said the new position created by SanDisk "suggests that the company is filling a more immediate need to manage and grow accounts, as the company's reach is extending driven by superior system solutions."

For an analyst ratings summary and ratings history on SanDisk click here. For more ratings news on SanDisk click here.

Shares of SanDisk closed at $55.59 yesterday.

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