UPDATE: Cantor Fitzgerald Initiates Hold, $48 Target on NetApp

Cantor Fitzgerald initiates its coverage on NetApp NTAP with a Hold rating and a price target of $48 as a bumpy six months obscures what could be an attractive 2013. Cantor Fitzgerald comments, "With the stock up 29% versus the lows of January 17th, shares are trading at three-year mean multiples. Facing stiffening year-on-year comparisons, a potential operating margin reset, and increased competition, we see little by way of near-term catalysts." NTAP closed at $40.95 a share on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetInitiationIntraday UpdateAnalyst RatingsCantor Fitzgerald
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!