Bernstein raises $SNDK PT to $3,000 from $1,700: "While these LTA’s do not completely remove risk of future downcycles, they do significantly alleviate downside risk .. We increase SNDK FY27 and FY28 EPS to $243 and $272 respectively in our base case, and $350 and $400 in our bull case. These higher numbers reflect the rising price environment to continue stronger for longer, plus more sustainability and thus less steep blended average prices in a downturn (currently assumed starting in CY28)."
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