SanDisk (NASDAQ:SNDK) to Benefit from Stronger Pricing Trends

SanDisk (NASDAQ:SNDK) had their EPS estimates for 2011 raised by UBS, citing strength in pricing trends going forward.

UBS says, "We are raising our 2011 estimates modestly (from $4.22 to $4.28) to reflect better pricing trends entering the year coupled with expectations for strong demand from tablets and increasing Solid State Drive (SSD) adoption to drive undersupply for the year vs prior view for modest oversupply. We increase our 2011 GAAP EPS by 2% on an ASP decline of -36% y/y (was -38%), 2012 is unchanged, and raise 2013 EPS by 22% on strong SSD adoption.

UBS maintains a "Buy" rating on SanDisk (SNDK), which closed Thursday at $49.95, dropping $1.55, or 3.01 percent. UBS raised their price target on SanDisk from $55 to $62.