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Fly News Breaks for August 18, 2016
NTAP
Aug 18, 2016 | 08:00 EDT
As reported previously, Susquehanna analyst Medhi Hosseini upgraded NetApp to Positive from Neutral. The analyst said the upgrade is based on his confidence in the mechanics behind the projected 2018 revenue growth, conservative assumptions behind cDOT penetration, and additional room for operation expense reductions. Hosseini raised his price target to $36 from $25 on NetApp shares.
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