Raymond James Downgrades NetApp to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has downgraded NetApp (NASDAQ:NTAP) from Outperform to Market Perform, indicating a change in the firm's outlook on the company's stock.
January 16, 2024 | 9:44 am
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NetApp has been downgraded by Raymond James from Outperform to Market Perform, which may lead to a negative perception among investors and could impact the stock's performance in the short term.
Downgrades by analysts, such as the one from Raymond James, often lead to a negative short-term reaction in the stock market as they suggest a less favorable outlook for the company's future performance.
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