Nutanix price target lowered to $55 from $65 at JPMorgan

JPMorgan lowered the firm’s price target on Nutanix (NTNX) to $55 from $65 and keeps an Overweight rating on the shares as part of an earnings preview. The firm says investor sentiment “remains challenging” for the hardware and networking group. While the sector’s near-term results are likely to be “robust” due to pull-forward, the magnitude of share price upside is likely to be more” muted,” the analyst tells investors in a research note.