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Fly News Breaks for February 16, 2017
NTAP
Feb 16, 2017 | 06:32 EDT
Piper Jaffray analyst Andrew Nowinski raised his price target for NetApp to $49 from $46 citing the company's "solid" Q3 results and guidance. NetApp appears to have "turned the corner" and is on a path to achieving mid-single digit revenue growth and operating margin of 20%, Nowinski tells investors in a post-earnings research note. He views the valuation as attractive and believes the stock can move higher. Nowinski reiterates an Overweight rating on NetApp.
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