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NetApp price target lowered to $130 from $140 at Wells Fargo

NetApp price target lowered to $130 from $140 at Wells Fargo

Wells Fargo lowered the firm’s price target on NetApp (NTAP) to $130 from $140 and keeps an Equal Weight rating on the shares. The firm recalibrates its model and slightly reduces estimates ahead of Q3 results. Wells continues to see a balanced risk/reward in shares.

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