UPDATE: Morgan Stanley Initiates Coverage on Nimble Storage as Growth is Priced In
In a report published Tuesday, Morgan Stanley analyst Katy L. Huberty initiated coverage on Nimble Storage (NASDAQ: NMBL) with an Equal-Weight rating.
In the report, Morgan Stanley noted, “Nimble's flash-optimized storage solution leads legacy peers and has the opportunity to become a large, sustainable platform. The stock already prices in stronger revenue growth than we model, which we believe limits the near-term upside. Initiate at Equal-weight.”
Nimble Storage closed on Tuesday at $42.95.
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