Barclays analyst Mark Moskowitz downgraded Nimble Storage (NMBL) to Equal Weight citing a "major thesis change" following the company's significantly weaker than expected Q3 results and outlook. The analyst recommends waiting until mid-2016 to see whether Nimble can exhibit reaccelerating revenue growth. It will be interesting to see how peer Pure Storage (PSTG) fares in its first earnings call as a public company in early December, Moskowitz tells investors in a research note. He halved his price target for Nimble shares to $15 from $30.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here