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Fly News Breaks for November 17, 2015
NTAP
Nov 17, 2015 | 13:22 EDT
JPMorgan analyst Rod Hall says he's cautious into NetApp's Q2 results tomorrow amid "multiple negative macro and enterprise IT spending indications." The analyst also sees "significant execution risk" as the company persuades customers to upgrade to Clustered ONTAP. Hall cut his price target for shares to $25 from $29 and reiterates an Underweight rating on NetApp ahead of the company's earnings report.
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