NEW YORK (TheStreet) -- Shares of Nimble Storage (NMBL) are up 8.18% to $30.19 after Morgan Stanley (MS) upgraded its rating to "overweight" from "equal-weight" with a $38. price target.
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Nimble Storage was approached by HPE about a merger Tuesday. On Wednesday analysts reacted.
As cloud adoption pressures HPE's hardware sales, the company is opening up its checkbook to go after growth markets.
Stocks slump Tuesday as a selloff in health care spoils an attempt by the market to push higher.