NetApp shares likely weak in near-term, says JPMorgan JPMorgan expects near-term weakness in shares of NetApp after the company reported "mixed" Q4 results and issued a "soft" revenue outlook. However, the firm said it still likes NetApp's margin and cash flow profiles relative to peers and keeps an Overweight rating on the stock with a $45 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.