Update (9:35 a.m.): Updated with Wednesday market open information.
NEW YORK (TheStreet) -- Wunderlich upgraded Nimble Storage (NMBL - Get Report) to "buy" from "hold" and set a $38 price target. The firm noted the company's new system architecture has been gaining traction and the company can gain market share.
The stock was up 5% to $26.88 at 9:34 a.m. on Wednesday.
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