Lazard Optimistic on SanDisk Long Term as Buy, Anheuser-Busch Stock Fine After President Departure

SanDisk Corp. (NASDAQ:SNDK): Lazard Capital expects SanDisk to report strong results on Wednesday, but believes consensus estimates for FY12 set too high a bar for the company. The firm thinks shares could be see near-term pressure on below consensus FY12 guidance but remains positive on SanDisk longer term with a Buy rating.

Anheuser-Busch InBev (NYSE:BUD): Citigroup believes the resignation of David Peacock, Anheuser-Busch’s U.S. President, will not affect AB InBev’s mid to long-term business and reiterates a Buy rating on the stock. The firm expects continuity in the company’s strategy given Luiz Edmond’s role in the U.S.

Carnival Corporation (NYSE:CCL): UBS’ checks indicate pricing is up sequentially and over 1% since the start of the year. The firm said the impact from the Concordia accident may not be as negative as feared.

Twin Disc Inc. (NASDAQ:TWIN): Baird said the sell-off in Twin Disc following Q2 results was too severe considering the underlying order growth comparisons, valuation, and better international markets. Shares remain Outperform rated but its price target was lowered to $39 form $41.

Wisconsin Energy Corp. (NYSE:WEC): Wisconsin Energy removed from U.S. Key Call list at UBS.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com