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Fly News Breaks for May 25, 2017
NTAP
May 25, 2017 | 06:20 EDT
Piper Jaffray analyst Andrew Nowinski believe the bear thesis on NetApp is falling apart after the company's "strong" Q4 results. Management continues to execute on their plan to deliver low double-digit earnings growth, Nowinski tells investors in a post-earnings research note. He attributes the after-hours selloff to the lower than expected Q1 earnings outlook and recommends adding to positions at these levels. Nowinski has an Overweight rating on the stock with a $50 price target.
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