Thursday, November 15, 2012

(NTAP) Beats on EPS - 3 Upgrades to the $40 Range - 1.5 Bil Repurchase

NetApp announces additional $1.5B for share repurchase program
NetApp sees Q3 $0.53-0.58 vs $0.54 Capital IQ Consensus Estimate; sees revs $1.575-1.675 bln vs $1.62 bln Capital IQ Consensus Estimate

Stifel Nicolaus: NetApp results, guidance positive,  says  - maintains a $42 target and Buy 
Raymond James:   upgraded shares from Market Perform to Outperform with a price target of $35.
Deutsche Bank: maintains a Buy rating on the name with a $40 price target.

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