Susquehanna Starts Nimble Storage (NMBL) at Positive

Susquehanna initiates coverage on Nimble Storage (NYSE: NMBL) with a Positive rating and a price target of $35.00.

Analyst Mehdi Hosseini commented, "We are initiating on NMBL with a Positive rating and $35 price target. In the midst of multiple secular trends in the storage industry, NMBL has emerged with a best-of-breed scalable and cost-efficient hybrid technology that has only begun to penetrate a sizable large enterprise (Global 5000) opportunity."

For an analyst ratings summary and ratings history on Nimble Storage click here. For more ratings news on Nimble Storage click here.

Shares of Nimble Storage closed at $24.62 yesterday.

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