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Susquehanna Raises Price Target on NetApp (NTAP) to $42

September 21, 2016 7:17 AM EDT

Susquehanna reiterated a Positive rating on NetApp (NASDAQ: NTAP), and raised the price target to $42.00 (from $36.00), after adjusting estimates.

Analyst Mehdi Hosseini commented, "We are raising EPS estimates to account for improved margin assumptions (driven by cost reduction and Product GM expansion), and... More