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Nimble Rising: Wells Ups to Buy; ‘All-Flash’ Will Lift Sales

Shares of storage equipment vendor Nimble Storage (NMBL) are higher by 30 cents, or almost 4%, at $8.41, after Wells Fargo’s Maynard Um this morning raised his rating on the shares to Outperform from Market Perform, based on the fact the stock is too cheap relative to expected growth, and that management is being more cautious about how it forecasts, which makes the “risk/reward” more favorable.
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