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Fly News Breaks for January 4, 2017
NMBL
Jan 4, 2017 | 07:55 EDT
Maxim analyst Nehal Chokshi said he expects the top performing sub-sector he covers to be infrastructure hardware due to Dell's acquisition of EMC. Within infrastructure hardware, he thinks Nimble Storage has the highest chance for a "breakout performance," given its strong momentum with large customers and recent results indicating that stabilization is likely, Chokshi tells investors. The analyst, who calls Nimble his top pick for 2017, keeps a Buy rating on the stock and raised his price target on the shares to $14 from $12.
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