SanDisk Price Target Gutted: Jefferies Slashes $1,250 Off On Margin Fears
SanDisk stock is down after earnings and Jerfferies slashed its price target on NAND pricing and margin fears.
SanDisk makes computer memory chips, and a money expert thinks the price they can charge for them might go down, making less profit. When experts worry about a company making less money, it's a signal to watch how the business does in coming months.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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