Markets & Finance

JP Morgan Raises Network Appliance

Network Appliances( NTAP) was higher after JP Morgan raised its $15 target to $20.

Analyst Bill Lewis says the shares have appreciated 60% since October 10. In addition to raising the target, he keeps stock as his Focus List pick. He says the stock remains his top pick because it's still attractively priced. In addition, says he's expecting strong earnings call next week, upside exists to his forward estimates.

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