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Fly News Breaks for April 6, 2017
NTAP
Apr 6, 2017 | 07:36 EDT
UBS analyst Steven Milunovich said he has underestimated the turnaround at NetApp and he believes it will likely continue in the near-term. However, he sees public cloud and competition as secular risks. After attending the "upbeat" analyst meeting, where the company reiterated its goal to be the leading data management solution for hybrid cloud, Milunovich maintained his Sell rating but raised his price target to $40 from $38 on NetApp shares.
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