SanDisk Provides Business Update
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SanDisk (SNDK) PT Cut to $56 at Wedbush
March 27, 2015 7:43 AM EDTWedbush analyst Betsy Van Hees reiterated a Neutral rating and lowered her price target on SanDisk (NASDAQ: SNDK) to $56.00 (from $67.00) following yesterday's Q1 warning.
Van Hees commented, "SNDK's reasons for the drop in Q1 revenue to $1.3B (-25% Q/Q) down from prior... More
Evercore ISI Downgrades SanDisk (SNDK) to Hold
March 27, 2015 7:12 AM EDTEvercore ISI downgraded SanDisk (NASDAQ: SNDK) from Buy to Hold with a price target of $68.00 (from $90.00).
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 $66.20 yesterday.
... MoreGoldman Sachs Removes SanDisk (SNDK) from CL-Buy List
March 26, 2015 2:14 PM EDTGoldman Sachs downgraded SanDisk (NASDAQ: SNDK) from Conviction Buy to Buy with a price target of $84.00 (from $106.00).
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 $81.18 yesterday.
... MoreSanDisk (SNDK) PT, Estimates Cut at Piper Jaffray; 'Overweight' Maintained
March 26, 2015 11:58 AM EDTPiper Jaffray analyst Ruben Roy cut his price target on SanDisk (NASDAQ: SNDK) to $82.00 (from $90.00) but maintained an Overweight rating on the stock.
Roy commented, "SNDK is lowering its 1Q15 guidance to $1.3B in revenue ($1.4-$1.45B previously) while pulling its FY15 guidance. Product... More
Needham & Company Sees SanDisk (SNDK) Multiple Contraction and Continued Pressure on Shares
March 26, 2015 11:50 AM EDTNeedham & Company analyst Rajvindra Gill weighed in on SanDisk (NASDAQ: SNDK) after the company lowered Q1 results. The firm expects multiple contraction and continued pressure on the shares.
Gill commented, "This morning, SNDK lowered its 1Q15 sales target and removed its annual guidance, citing... More
BofA/Merrill Lynch Downgrades SanDisk (SNDK) to Neutral
March 26, 2015 10:46 AM EDTBofA/Merrill Lynch downgraded SanDisk (NASDAQ: SNDK) from Buy to Neutral.
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 $81.18 yesterday.
... MoreSanDisk (SNDK) Price Target Reduced to $80 at FBN
March 26, 2015 10:21 AM EDTFBN Securities maintained an Outperform rating on SanDisk (NASDAQ: SNDK) and lowered its price target to $80.00 (from $90.00). The change follows its negative Q1 pr announcement.
Analyst Shebly Seyrafi said, "The culprits this time are qualification delays, lower enterprise product sales, and lower... More
SanDisk (SNDK) Price Target Lowered to $80 at Deutsche Bank; Analyst Maintains Buy
March 26, 2015 9:13 AM EDTDeutsche Bank maintained a Buy on SanDisk (NASDAQ: SNDK) and lowered its price target to $80.00 (from $90.00). The change follows its Q1 warning.
Analyst Sidney Ho said, "We are surprised and disappointed by the revenue miss as it appears to be one of... More
BTIG Downgrades SanDisk (SNDK) to Neutral
March 26, 2015 8:19 AM EDTBTIG downgraded SanDisk (NASDAQ: SNDK) from Buy to Neutral and removed its price target (prior $123.00). The change follows SanDisk's Q1 warning.
Analyst Walter Piecyk... More
Sandisk Corp. (SNDK) Issues Q1 Warning
March 26, 2015 6:01 AM EDTSandisk Corp. (Nasdaq: SNDK) announced that it expects its revenue for the first fiscal quarter, which will end on March 29, 2015, to be approximately $1.3 billion, depending on final sell-through results, compared to the previously forecasted revenue range of $1.40 billion to $1.45 billion.
*** The... More
