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NetApp price target raised to $110 from $105 at Citi

Citi raised the firm’s price target on NetApp (NTAP) to $110 from $105 and keeps a Neutral rating on the shares. The company’s fiscal Q4 sales reflected traction of its refreshed systems portfolio, while earnings beat on operating leverage, the analyst tells investors in a research note. The firm believes NetApp is well positioned within enterprise artificial intelligence market.

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