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Fly News Breaks for November 15, 2018
NTAP
Nov 15, 2018 | 08:38 EDT
Maxim analyst Nehal Chokshi lowered his price target on NetApp to $89 from $91 after its Q3 results, saying that in spite of its Q3 earnings beat, its product revenue excluding Enterprise License Agreements decelerated to a 9% growth rate. The analyst also kept his Buy rating, citing his "extensive technology channel checks" indicating that NetApp's Hybrid Cloud will be a "driver of sustained gains".
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