J.P. Morgan Maintains Overweight Rating on NetApp

According to J.P. Morgan, NetApp NTAP Overweight rating is maintained. J.P. Morgan said that it is shedding its near-term cautious stance on OW-rated NetApp. “Our research indicates that company-specific execution issues have been largely overcome, which should set the stage for a restoration of beat-and-raise potential at NetApp. The next potential catalyst is the gradual roll-out of ONTAP 8.1, potentially shoring up the company's capabilities in scale-out NAS.” NetApp closed yesterday at $37.13.