Scalper1 News
Samsung, HTC and other smartphone makers will follow Apple’s (AAPL) lead with the iPhone 6 and increase flash memory in mobile phones, raising demand for chips from SanDisk (SNDK), says Citigroup in a report. Joe Yoo, a Citigroup analyst, initiated coverage on SanDisk with a buy rating and price target of 125. SanDisk’s stock has shot up 43% in 2014. SanDisk closed at 101.31 on Tuesday. Yoo also expects SanDisk to garner an EPS lift from currency Scalper1 News
Scalper1 News