JPMorgan lowered the firm’s price target on NetApp (NTAP) to $153 from $160 and keeps an Overweight rating on the shares post the fiscal Q3 report. The company’s “recent smooth execution hit a road bump” with the push out of certain large deals from Q3 to Q4, the analyst tells investors in a research note. The firm says that while the quarter was a modest disappointment, it would be buyers of the shares as the temporary headwinds in the quarter have limited impact on NetApp’s long-term drivers.
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