NetApp price target lowered to $39 from $43 at Citigroup Citigroup lowered its price target for NetApp shares to $39 following the company's Q4 results and reiterates a Neutral rating on the name. Citi says the Q1 guide-down was expected and that it remains on the sidelines given NetApp's stagnant growth in enterprise storage.
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.