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Fly News Breaks for November 15, 2019
NTAP
Nov 15, 2019 | 08:02 EDT
Argus analyst Jim Kelleher raised his price target on NetApp to $75 and kept his Buy rating after its Q2 results. The analyst notes that while the company's overall revenue was down 10%, its product revenue grew "strong" sequentially by over 30%. Kelleher adds that beyond the current-year challenges, NetApp shares look "undervalued" with "improving prospects" and easier comps ahead.
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