Morgan Stanley Issues $70 Price Target on SanDisk, NuVasive an Overweight, Marchex Oversold

SanDisk Corp. (NASDAQ:SNDK): Morgan Stanley views SanDisk’s guidance as conservative and would use weakness as a buying opportunity. Shares are Overweight rated with a $70 price target.

NuVasive, Inc.(NASDAQ:NUVA): Piper Jaffray believes NuVasive’s (NASDAQ:NUVA) court hearings are off to a great start with Medtronic’s (NYSE:MDT) injunction being denied. Piper thinks the overhang on NuVasive shares should start to unwind and finds the stock attractive at current levels. The firm reiterates an Overweight rating on the name with a $35 price target.

Marchex, Inc.(NASDAQ:MCHX): Piper Jaffray views the recent pullback in Marchex shares and the company’s weaker than expected FY12 revenue guidance as a buying opportunity. The firm notes Marchex has $3 per share in cash and a growing core click-to-call business. Piper lowered its price target for shares to $8 from $11 but keeps an Overweight rating on the stock.

Ashland Inc.(NYSE:ASH): Deutsche Bank raised its estimates and price target for Ashland following the company’s Q1 results and keeps a Buy rating on the stock.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Derek Hoffman at

To contact the editor responsible for this story: Damien Hoffman at