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RBC Capital Raises Price Target on NetApp (NTAP) Ahead of 1Q Results

August 15, 2016 2:37 PM EDT

RBC Capital reiterated a Sector Perform rating on NetApp (NASDAQ: NTAP), and raised the price target to $29.00 (from $26.00), ahead of the company's 1Q earnings report. NTAP is scheduled to report results on Wednesday August 17 after market close. Results are expected to be largely in line with consensus ($1.26B/$0.36).

Analyst Amit Daryanan commented, "We... More