SanDisk upgraded at BofA/Merrill As previously reported, BofA/Merrill upgraded SanDisk two notches to Buy from Underperform. The firm upgraded shares based on reduced concerns regarding competitive threats given global leadership, strong earnings momentum, more stable ASPs and management's commitment dividends and buybacks. Price target raised to $125 from $80.
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.