NetApp poised to recover this year, says Pacific Crest After meeting with NetApp's management, Pacific Crest believes that the company should be boosted by new product momentum and partners this year. The firm thinks that the company's strategy is solid, and it maintains an Outperform rating on the shares.
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.