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Brean Murray Carret & Co. Maintains a 'Buy' on NetApp (NTAP); In-line Qtr as Large Accounts Stabilize

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February 16, 2012 11:57 AM EST
Get Alerts NTAP Hot Sheet
Price: $100.06 --0%

Rating Summary:
    20 Buy, 29 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 11 | New: 6
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Brean Murray Carret & Co. maintains a 'Buy' on NetApp (NASDAQ: NTAP) price target raised from $45 to $50.

Brean analyst says, "In-line Jan Q and Apr Q guide, with short covering a component we suspect of the 9% aftermarket move. While the stock had steadily appreciated the last 10 days into the call, some investor uncertainty remained regarding guidance. We're raising our CY12 EPS by $0.05 (to $2.60), as large account business seems to have firmed one qtr ahead of our expectations. We're also raising our price target."

For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.

Shares of NetApp closed at $39.88 yesterday.

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