NetApp interesting despite soft OEM business, says Brean Capital Brean Capital believes investors will remain interested in NetApp despite its softer OEM business, citing its cost management, accelerated stock buyback, and potential increases to its dividend. The firm keeps a Buy rating on the shares with a $39 price target.
EMC downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded EMC (EMC) to Neutral to Neutral saying the company is facing increasing pressure from next-gen storage vendors and public cloud providers. Piper notes that it continues to hear Pure Storage and other vendors such as Nimble Storage (NMBL) are making inroads into the installed base of EMC. It cut its price target for shares to $27 from $30. The firm also downgraded NetApp (NTAP) to Neutral this morning for similar reasons, but says EMC has a more defensible position than NetApp.