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Fly News Breaks for May 26, 2016
NTAP
May 26, 2016 | 07:07 EDT
UBS noted NetApp's Q4 results were below expectations and included product margins at record lows. The firm believes the company's margins will continue to move lower as its survey showed weak demand for products, which is leading to discounting across the board. UBS reiterated its Sell rating and $20 price target on NetApp shares.
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