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Fly News Breaks for April 18, 2016
NTAP
Apr 18, 2016 | 08:24 EDT
As noted earlier, Sterne Agee CRT downgraded NetApp to Underperform from Neutral. The firm says its survey shows continued weakness in budgets for storage systems and upgrades, with planned spending on those items dropping 10% year-over-year. The firm thinks the company could lose share, and it says that the stock could underperform its peers. Target $22.
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