JMP Securities Upgrades NetApp (NTAP) to Market Perform

JMP Securities upgraded NetApp (NASDAQ: NTAP) from Market Underperform to Market Perform.

Analyst John Lucia is bullish on NTAP following analyst day and believes recent postive momentum in the business will remain as competitive position improves and the company seeks to upgrade is installed base to all-flash.

Lucia FY 2017 EPS estimate is $2.70 and his FY 2018 EPS estimate is $3.05.

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 $40.90 yesterday.

You May Also Be Interested In

• JPMorgan Upgrades SHIFT UP Corp (462870:KS) to Overweight
• BNP Paribas Exane Upgrades Holcim Ltd (HOLN:SW) to Outperform
• Monness, Crespi, Hardt Upgrades salesforce.com (CRM) to Buy, PT $200