Nimble Storage (NMBL): Raising PT But Gross Margin Remains In Focus - Wells Fargo
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Summit Redstone Raises Price Target on Nimble Storage (NMBL) to $14 Following Solid 2Q
August 24, 2016 8:03 AM EDTSummit Redstone reiterated a Buy rating on Nimble Storage (NYSE: NMBL), and raised the price target to $14.00 (from $12.00), following the company's 2Q earnings report. NMBL reported revenue ahead of consensus estimates by $2.3mln, with EPS coming ahead of the Street estimates by a penny. 3Q EPS was guided inline.
Analyst Srini Nandury commented, "Following Nimbles solid F2Q results, we reiterate... More
