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Fly News Breaks for August 14, 2017
NTAP
Aug 14, 2017 | 08:04 EDT
Maxim analyst Nehal Chokshi upgraded NetApp Buy and raised his price target for the shares to $56 from $46. Channel checks indicate the company's hybrid cloud capabilities have gained traction, Chokshi tells investors in a research note. He believes NetApp is on the path to achieving a 25% operating margin in five years.
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