SanDisk price target lowered to $50 from $60 at Mizuho

Mizuho lowered the firm’s price target on SanDisk (SNDK) to $50 from $60 and keeps an Outperform rating on the shares. With tariffs creating significant auto and semidoncutor supply chain uncertainty, the firm cut price targets in the hard-disk-drive and memory markets ahead of earnings. However, it maintains Outperform ratings with the shares having pulled back.