Argus Research Downgrades NetApp To Hold

Argus Research downgraded NetApp Inc. NTAP from Buy to Hold and removed the price target of $50.00. NetApp shares have dropped 11.16 percent over the past 52 weeks, while the S&P 500 index has surged 12.12 percent in the same period. NetApp shares fell 0.72 percent to $31.54 in pre-market trading.