NetApp checks show demand tracking in-line or better, says Piper Jaffray Piper Jaffray said its mid-quarter channel checks indicate NetApp demand is tracking in-line to slightly better than expected. Piper continues to believe NetApp is positioned for a beat and raise quarter and reiterates an Overweight rating on the stock with a $41 price target.
News For NTAP From The Last 14 Days
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NetApp downgraded to Neutral from Buy at UBS UBS downgraded NetApp to Neutral citing rising competition and a "mediocre" outlook for storage spending. The firm lowered its price target for shares to $40 from $50.