SanDisk price target raised to $220 from $60 at Wedbush

Wedbush raised the firm’s price target on SanDisk (SNDK) to $220 from $60 and keeps an Outperform rating on the shares, citing the sharp positive shift in NAND fundamentals over the past two months. The firm said new estimates suggest room for Sandisk’s valuation to lift more, and the firm believes more likely revisions to its numbers are to the upside given the likelihood NAND pricing continues to lift from here.