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Fly News Breaks for April 13, 2018
NTAP
Apr 13, 2018 | 06:42 EDT
JPMorgan analyst Paul Coster started NetApp with an Overweight rating and $80 price target. Following a multi-year period of declining revenues and flattish margins, NetApp is "pivoting back to profitable growth" on its Data Fabric platform that provides customers in all segments with simplified paths from data center modernization, Coster tells investors in a research note. He believes the stock has "plenty of scope to re-rate."
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