In Monday’s Analysts’ Actions, TheStreet highlights a lower rating on Micron Technology (MU) and SanDisk (SNDK), while Lowe’s Companies (LOW) get an upgrade to OUTPERFORM. Analysts at Morgan Stanley downgraded shares of both Micron Technology and SanDisk. The firm cut its rating on Micron Technology to UNDERWEIGHT from EQUAL WEIGHT with a $21 price target. Analysts at the firm also issued a lower rating on SanDisk to EQUAL WEIGHT from OVERWEIGHT. Morgan Stanley also slashed its price target to $75 from $80, saying the company is losing market share. And Lowe’s received a positive note out of Wedbush. The firm upgraded the home improvement retailer to OUTPERFORM from NEUTRAL with an $82 price target. The firm says Lowe’s discounted valuation gives an opportunity for greater upside compared to peer Home Depot (HD). TheStreet’s Kurumi Fukushima reports in New York.
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