NetApp expcted to report beat and raise quarter at Jefferies Jefferies expects NetApp to report above consensus July quarter results and raise its outlook after the firm's channel checks indicated that many of the company's resellers finished the quarter ahead of plan. Jefferies raised its price target for NetApp shares to $44 from $35 but keeps a Hold rating on the stock.
News For NTAP From The Last 14 Days
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On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: AT&T (T) downgraded to Neutral from Overweight at JPMorgan... Bank of Kentucky (BKYF) downgraded to Neutral from Outperform at RW Baird... ChemoCentryx (CCXI) downgraded to Neutral from Buy at Citigroup... Citigroup (C) downgraded to Neutral from Conviction Buy at Goldman... eBay (EBAY) downgraded to Equal Weight from Overweight at Evercore... Flextronics (FLEX) downgraded to Sell from Neutral at Goldman... Old Line Bancshares (OLBK) downgraded to Neutral from Outperform at RW Baird... Fidus Investment (FDUS) downgraded to Perform from Outperform at Oppenheimer... New York Community Bancorp (NYCB) downgraded to Neutral from Buy at Guggenheim... El Paso Pipeline (EPB) downgraded to Trim from Hold at Tudor Pickering... Signature Bank (SBNY) downgraded to Neutral from Buy at Guggenheim... SunTrust (STI) downgraded at Morgan Stanley... Accenture (ACN) downgraded to Equal Weight from Overweight at Morgan Stanley... NetApp (NTAP) downgraded to Equal Weight from Overweight at Morgan Stanley... Teradata (TDC) downgraded to Underweight from Equal Weight at Morgan Stanley.