at CNBC.com (Nov 17, 2014)
SanDisk (SNDK +3%) rises after BofA predicts the company's bottom line will show a cyclical improvement in 2H and 2013-14 thanks to supply constraints for competitors (i.e. Samsung) and new products (MacBook Pro solid-state drives are cited as an example). The firm is lowering its PT to $56 from $64, but that's still 53% above current levels. SanDisk shares have been pressured by a major drop in NAND flash memory prices, and concerns about slowing smartphone growth.