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Fly News Breaks for November 17, 2016
NTAP
Nov 17, 2016 | 07:56 EDT
As previously reported, Drexel Hamilton analyst Brian White upgraded NetApp to Buy from Hold, saying that the company continues to demonstrate progress in its transition after its "solid" Q2 results and "strong" Q3 guidance. Additionally, the tone of the company's earnings call was upbeat, White tells investors. Given the report and management commentary, he increased his pro forma EPS estimate for FY17 and raised his price target on the stock to $52 per share.
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