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UBS Raises price Target on NetApp (NTAP) as Shares Trade up

August 24, 2016 9:29 AM EDT

UBS maintained a Sell rating on NetApp (NASDAQ: NTAP), and raised the price target to $30.00 (from $21.00), as the company trades up to a recent $34. In a recent call, management said NetApp's main problem was execution rather than strategy, sending the stock lower. Since... More