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Fly News Breaks for January 23, 2018
EMC, NTAP
Jan 23, 2018 | 08:00 EDT
As previously reported, Morgan Stanley analyst Katy Huberty upgraded NetApp (NTAP) to Equal Weight from Underweight, stating that higher IT budget growth provides relief for on-premise storage vendors despite cloud continuing to be a structural threat. NetApp's product portfolio refresh eases competitive pressure from next-gen vendors, said Huberty, who also sees an opportunity for the company to take share as disruption continues at Dell/EMC (EMC). She raised her price target on NetApp to $64 from $41.
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