NetApp downgraded to Hold from Buy at Lake Street Lake Street downgraded NetApp as it believes the company's layoff announcement indicate its challenges persist. The firm lowered its price target for shares to $39 from $49.
Dot Hill Systems initiated with a Buy at Maxim Maxim says its analysis of Dot Hill Systems' (HILL) intellectual property indicates the company is unlikely to lose its business with HP (HPQ). The firm adds that Dot Hill management believes NetApp's (NTAP) slow exit from Engenio's OEM business brings at least a $200M incremental revenue and $40M operating profit opportunity. Maxim started shares of Dot Hill Systems with a Buy rating and $7 price target.