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Fly News Breaks for August 15, 2019
Aug 15, 2019 | 07:41 EDT
Cowen analyst Karl Ackerman lowered his price target on NetApp to $40 from $53 citing a downturn in storage spending which the analyst believes will impact all providers. He noted sales and cost action plans are already in place but he will await stabilization before becoming more constructive on the shares. Ackerman maintained his Underperform rating on NetApp shares.
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