Brean Murray Carret Reiterates Buy, $45 Target on NetApp

Brean Murray Carret maintains its Buy rating and $45 target price on NetApp (NASDAQ: NTAP) ahead of the company's January quarter earnings release on Feb. 15.

Brean Murray Carret says, "While we expect an in-line Q, we see balanced risk reward headed into the call given recent appreciation. That sayd, we believe NTAP is a $40-$50 sticl when taking a 9-month+ view, and as such, would use any weakness off the call to purchase shares (assuming no material business model softening in the guidance)."

NTAP closed at $39.69 a share on Friday.