Scalper1 News
SanDisk (SNDK) got a downgrade Tuesday, a day before the flash memory chipmaker is set to report Q4 earnings and a week after the company lowered its December-quarter revenue outlook. Nomura Securities downgraded SanDisk to “reduce” from neutral and lowered its price target on SanDisk stock to 65 from 70. “We believe (SanDisk’s) product mix can only worsen, and this is not discounted in consensus estimates for gross margin, earnings per share and Scalper1 News
Scalper1 News