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Fly News Breaks for November 20, 2015
NMBL
Nov 20, 2015 | 07:02 EDT
Piper Jaffray analyst Andrew Nowinski says Nimble Storage is oversold following the company's Q3 miss and push out of its break-even point beyond 2016. Estimates and the stock's valuation have been de-risked, Nowinski tells investors in a post-earnings research note. He keeps an Overweight rating on the name and lowered his price target for Nimble to $20 from $37. At least six research firms downgraded the stock this morning.
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