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Fly News Breaks for November 15, 2018
NTAP
Nov 15, 2018 | 08:45 EDT
DA Davidson analyst Mark Kelleher kept his Buy rating and $100 price target on NetApp after its Q2 earnings beat, saying the company has "executed a significant realignment" with its aggressive transition into the Flash storage system market. The analyst further cites NetApp's "rejuvenated product line" across new markets that include Cloud and Hyper Converged Infrastructure. Kelleher is also positive on the company's strong cash flow, commitment to its stock buyback program, and dividend payout.
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