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Fly News Breaks for September 9, 2019
NTAP
Sep 9, 2019 | 06:38 EDT
Susquehanna analyst Mehdi Hosseini upgraded NetApp to Positive from Neutral and raised his price target for the shares to $75 from $54. The company's all-flash array opportunity remains in the early innings, Hosseini tells investors in a research note. He believes NetApp's "sizable" installed base, an anticipated infrastructure buildout associated with 5G, and revenue contribution from Cloud Data Services will be catalysts for driving greater than 10% earnings growth through fiscal 2022.
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