On August 6, SanDisk (SNDK.US) fell over 10% in pre-market trading. On the news front, Citigroup lowered its price target on SanDisk from $2,500 to $2,100. Meanwhile, on June 25, a month and a half earlier, Citigroup had raised its target from $2,025 to $2,500, citing improving NAND flash memory price outlook and initiating a 90-day short-term upside watch. Additionally, Wells Fargo cut its target from $1,620 to $1,400. However, just half a month earlier, on July 22, Wells Fargo had raised its target from $1,250 to $1,620.
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SanDisk Tumbles Over 10% Pre-Market as Citigroup, Wells Fargo Cut Price Targets
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