Analysts See Buying Opp in SanDisk Shares, Textron at Outperform

SanDisk Corp.(NASDAQ:SNDK): Stifel Nicolaus reduced its target on SanDisk after the company provided much lower than expected Q1 guidance. However, the firm views the weakness as a buying opportunity, as it expects sustainable growth in NAND Flash demand. Sterne Agee believes that SanDisk’s full-year guidance is conservative, and that the company is well-positioned to surpass the guidance. The firm recommends buying the stock.

Textron Inc.(NYSE:TXT): Cowen said Textron shares may retreat following solid Q4 results but sees upside over the next 12 months. The firm cited the company’s improved earnings quality, execution, and product momentum. Shares are Outperform rated.

RPC Inc.(NYSE:RES): After RPC reported lower than expected Q3 EPS, Gabelli believes that the company may be an attractive acquisition target and the firm maintains a Buy rating.

Meridian Interstate Bancorp, Inc.(NASDAQ:EBSB): After speaking with Meridian’s management, Sterne Agee believes that the bank’s nonperforming assets will decline by 20%+ in 1H12. The firm maintains a $15 target and Buy rating on the stock.

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To contact the reporter on this story: Derek Hoffman at

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