NetApp price target lowered to $120 from $130 at Susquehanna

Susquehanna lowered the firm’s price target on NetApp (NTAP) to $120 from $130 and keeps a Neutral rating on the shares. The firm noted they were facing tough compas in the January quarter and with no margin for error, they gave disappointing guidance as a lack of execution in closing some deals that have been pushed out, divestiture that was not known before, and increased uncertainties and downside risk to US public projects.