Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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From: Dr. Stoxx	10/6/2005 7:35:56 AM
	of 39683

07:15 Citigroup downgrades FLSH and SNDK to Hold Citigroup downgrades FLSH to Hold from Buy, but raises their tgt to $34 from $33. Firm also downgrades SNDK to Hold from Buy, but raises their tgt to $57 from $50. For FLSH, they think the co's numerous 2005 and 1H06 positive catalysts now appear significantly discounted in its shares. For SNDK, while they think the co is benefiting near-term from benign pricing and mgf transition, and long-term from handset card wins and higher royalties, they believe shares largely discounting solid fundamentals.

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