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Fly News Breaks for August 24, 2016
NMBL
Aug 24, 2016 | 09:14 EDT
JPMorgan analyst Rod Hall said that the momentum in Nimble Storage's Flash business and international operations has picked up, but noted that the company's operating margin guidance came in a bit below his estimate. Hall raised his price target on Nimble shares to $9.50 from $8.00 following the company's earnings report, but keeps a Neutral rating on shares, saying he'd like to see a clear road to profitability before getting more constructive.
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