Tuesday, April 24, 2007

SanDisk Shares Upgraded at Citigroup on Outlook for Royalty Revenue

(Bloomberg) -- SanDisk Corp. was upgraded to ``buy'' from ``hold'' at Citigroup Investment Research, which said the world's largest maker of flash-memory cards may get more royalty revenue from its patent-licensing agreement with Hynix Semiconductor Inc.

Citigroup also increased the price it expects the shares to reach to $52 from $44.


Read more at Bloomberg Stocks News

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