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Stock Market & Financial Investment News

News Breaks
March 24, 2014
07:51 EDTNTAPNetApp downgraded at Morgan Stanley
As previously reported, Morgan Stanley downgraded NetApp to Underweight from Equal Weight. The firm downgraded shares citing challenges from the cloud, competition, and margin compression. The firm lowered FY15 estimates below the Street and established a $31 price target.
News For NTAP From The Last 14 Days
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November 26, 2014
08:15 EDTNTAPDot 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.
November 25, 2014
09:38 EDTNTAPNetApp participates in a conference call with Goldman Sachs
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November 13, 2014
07:36 EDTNTAPNetApp price target raised to $47 from $45 at Brean Capital
Brean Capital raised its price target on NetApp to $47 from $45 following its Q2 results. The firm feels the company's balance sheet and free cash flow generation will underpin a capital return program. Brean Capital reiterates its Buy rating on NetApp shares.

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