SanDisk downgraded at Needham As noted earlier, Needham downgraded SanDisk to Buy from Strong Buy. The firm downgraded the stock based on valuation, and the firm's belief that the company is less likely to beat gross margins expectations in 2014 than in 2013. Target lowered to $83 from $90.
SanDisk upgraded to Buy from Neutral at Goldman Goldman Sachs upgraded SanDisk to Buy saying the weakening in the yen will likely be a positive for margins in 2015. Goldman raised its price target for shares to $106 from $87.