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Bank of America downgrades NetApp, says cloud data company has limited upside from here

Published Thu, Mar 24 20228:09 AM EDT

Sarah Min @_sarahmin

NetApp, Inc. logo seen displayed on smart phone.

Igor Golovniov | Lightrocket | Getty Images

Upside for NetApp will be limited as the cloud company spends heavily to grow its business, according to Bank of America.

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