Jefferies Starts SanDisk (SNDK) at Hold

Jefferies initiates coverage on SanDisk (NASDAQ: SNDK) with a Hold. PT $56.00.

The firm comments, "We believe SanDisk's industry-leading profitability in its consumer NAND business, cautious capacity investments, and potential to increase SSD penetration are baked into the stock, and we expect SNDK to appreciate in line with the group. We could become more constructive with higher visibility into share gains in Enterprise, or more cautious with lower profitability in Consumer."

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 $50.52 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• SanDisk (SNDK) PT Raised to $1,600 at RBC Capital
• Jefferies Starts Aehr Test Systems (AEHR) at Buy
• JPMorgan Resumes SanDisk (SNDK) at Overweight