NetApp price target raised to $100 from $85 at BofA

BofA analyst Wamsi Mohan raised the firm’s price target on NetApp to $100 from $85 but keeps an Underperform rating on the shares ahead of its Q4 results this week. There is potential risk to estimates from continued pushout of storage spending, though the company’s product gross margins are holding up better than the firm’s prior forecast, the analyst tells investors in a research note.