Goldman Sachs Downgrades SanDisk (SNDK) to Neutral, Citing Risk to NAND Flash Prices and Valuation
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Price: $1,600.62 --0%
Rating Summary:
29 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
29 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded SanDisk (NASDAQ: SNDK) from Buy to Neutral with a price target of $51.00, saying near-term risks outweigh structural strengths.
The firm cited three key reasons for the downgrade: 1. significant risk of oversupply in NAND flash in 1Q12, which could weigh on prices; 2. price declines could lead to margin compression; 3. with shares near their price target they see limited upside.
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 $49.21 yesterday.
The firm cited three key reasons for the downgrade: 1. significant risk of oversupply in NAND flash in 1Q12, which could weigh on prices; 2. price declines could lead to margin compression; 3. with shares near their price target they see limited upside.
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 $49.21 yesterday.
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