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Enter Symbol:
 
Sandisk Corporation (SNDK) [hlAlert]

Rating:
Neutral SNDK
down 13.79 %

Sandisk Corporation (SNDK) upgraded to Neutral with price target $32 by Wedbush Morgan

Posted on: Monday,  Mar 1, 2010  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Neutral Sandisk Corporation (NASDAQ: SNDK) on 03/01/2010. Previously Wedbush Morgan rated Underperform Sandisk Corporation (NASDAQ: SNDK) on 01/29/2010.,
when the stock price was $26.12. Since then, Sandisk Corporation has gained 16.00% as of 03/01/2010's recent price of $30.30.
If you would have followed the previous Wedbush Morgan's recommendation on SNDK, you would have lost 13.79% of your investment in 31 days.

Sandisk Corporation designs, manufactures, and markets flash memory storage products that are used in a wide variety of electronic systems. The company have designed flash memory storage solutions to address the storage requirements of emerging applications in the consumer electronics and industrial/communications markets. Its products are used in a number of rapidly growing consumer electronics applications, such as digital cameras, personal digital assistants, portable digital music players,digital video recorders and smart phones.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/1/2010 9:25 AM Hold
None
30.30 32.00
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -4.51 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/29/2010 11:25 AM Sell
None
26.12 25.00
11/3/2009 9:25 AM Sell
None
19.87 17.00
8/11/2009 9:25 AM Hold
None
16.94 20.00

(*) Stock Price at the time of the recommendation.
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