Information Provided By: 
Fly News Breaks for August 18, 2015
SNDK
Aug 18, 2015 | 07:27 EDT
BofA/Merrill downgraded SanDisk two notches to Underperform from Buy and lowered its price target to $40 from $75. The firm is more cautious on the memory chip sector given new developments of SK Group's "significantly higher capex budget" and Micron's unexpected FY16 capex hike. BofA/Merrill said excess capacity is now a concern and cut long-term earnings estimates for most memory chip stocks.
News For SNDK From the Last 2 Days
There are no results for your query SNDK
