Notable Downgrades: SanDisk (SNDK), Silicon Motion Technology (SIMO), Walt Disney (DIS), Urban Outfitters (URBN)

Analysts at BofA/Merrill (BAC) downgraded SanDisk Corp. (SNDK) from ‘Buy‘ to ‘Underperform‘ in a research report issued to clients on Tuesday. On valuation measures, SanDisk Corp. stock it’s trading at a forward P/E multiple of 13.19x, and at a multiple of 22.27x this year’s estimated earnings. The t-12-month revenue at SanDisk Corp. is $6.05 billion. […] View the full post at: Notable Downgrades: SanDisk (SNDK), Silicon Motion Technology (SIMO), Walt Disney (DIS), Urban Outfitters (URBN) Related posts: Walt Disney to Acquire Marvel Entertainment for $4B Samsung Electronics May Acquire SanDisk Corporation Samsung Abandons $5.9 Billion Bid for SanDisk