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Enter Symbol:
Rating: NTAP
Sell $24

Network Appliance, Inc. (NASDAQ: NTAP) downgraded to Sell with price target $24 by UBS

Wednesday,  Jan 6, 2016  1:25 PM ET by Kristen Bailey

UBS downgraded Network Appliance, Inc. (NASDAQ: NTAP) to Sell with price
target $24. UBS rated Network Appliance, Inc. (NASDAQ: NTAP) to Neutral with price target $43 on 08/14/2014, when the price was $41.35.

Network Appliance is a leading supplier of network attached data storage and access devices, called filers. The company pioneered the concept of the ``network appliance`` an extension of the industry trend toward specialized devices that perform a specific function in the network, similar to the development of the router for network communications. The company's recent product category is designed to achieve Internet bandwidth savings and to improve performance by moving data closer to end-users.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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