2024-05-31 10:45:20 ET
"We are upgrading shares of NetApp to Neutral from Underweight prior as our concerns around gross margin headwinds from a backdrop of rising memory prices has not transpired with the company executing robustly to manage the headwinds through pre-buy of memory while driving a richer portfolio mix in relation to higher margin all-flash drives," said J.P. Morgan analysts Samik Chatterjee, Joseph Cardoso and Priyanka Thapa, in an investors note....
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NetApp receives upgrade as it benefits from product mix: JP Morgan