NetApp price target raised to $85 from $80 at Stifel

Stifel analyst Matthew Sheerin raised the firm’s price target on NetApp to $85 from $80 and keeps a Buy rating on the shares following July-end quarter results the firm calls “largely in-line with expectations.” While the firm expects to hear more about NetApp’s cloud strategy after management concludes its strategic review, it continues to see “multiple positive tailwinds reaccelerating top-line and earnings growth,” the analyst tells investors.