SNDK and MOS were both upgraded today
Wall Street analysts are making waves this morning with fresh upgrades that have sent SanDisk Corp (NASDAQ:SNDK) and Mosaic Co (NYSE:MOS) moving during this morning's trading.
SanDisk stock was fractionally lower, last seen down 2.9% at $48.15, after Morgan Stanley initiated coverage with an "overweight" rating and $84 price target. While the firm acknowledged a "tough near term," it sees significant upside ahead, predicting that SanDisk could rally 90% over the next 12 months. SNDK went public on Feb. 24, following a spin off from Western Digital (WDC), and has shed 4.4% over the last week.
Meanwhile, Mosaic stock was 3.9% higher at $24.85 at last glance, after JP Morgan Securities upgraded the stock from "neutral" to "overweight." The firm cited a favorable pricing outlook for Mosaic’s key fertilizer categories, forecasting a rise in prices throughout 2025. Despite posting a fourth-quarter miss on Friday, MOS remains just above breakeven year-to-date.