Pacific Crest Upgrades Nimble Storage (NMBL) to Overweight
Get Alerts NMBL Hot Sheet
Rating Summary:
3 Buy, 23 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Pacific Crest upgraded Nimble Storage (NYSE: NMBL) from Sector Weight to Overweight with a price target of $11.00.
Analyst Alex Kurtz comments "We estimate 50% of the company's bake-offs are against Dell/EMC and now believe Dell/EMC is pursuing an improved cost of sales model for the mid-market, which implies less direct touch for larger transactions, especially in the $100,000 to $250,000 range. These changes could enable Nimble to improve win rates in these larger deals, attract new channel partners and re-accelerate revenue growth toward 25%."
For an analyst ratings summary and ratings history on Nimble Storage click here. For more ratings news on Nimble Storage click here.
Shares of Nimble Storage closed at $8.12 Friday.
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