Information Provided By: 
Fly News Breaks for March 8, 2017
LNVGY, HPE, NMBL
Mar 8, 2017 | 05:51 EDT
Wells Fargo analyst Maynard Um downgraded Nimble Storage (NMBL) to Market Perform following HP Enterprise's (HPE) acquisition announcement. Nimble shares closed at $12.58, above HP's $12.50 bid, suggesting investors believe in the potential for a higher bid, Um tells investors in a research note. The analyst views Lenovo (LNVGY) as most logical bidder, but notes the company's response to media outlet CDN suggests a counterbid is unlikely. Um raised his price target range for Nimble shares to $12-$13 from $10-$11.
News For NMBL;HPE;LNVGY From the Last 2 Days
