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Fly News Breaks for July 29, 2015
AKAM
Jul 29, 2015 | 05:51 EDT
JPMorgan analyst Sterling Auty says Akamai shares could be "dead money" for a quarter after the company indicated benefits from over-the-top will not hit until 2016. Post-earnings selloffs over the past five years have all proved to be good entries into the stock, Auty tells investors in a research note. He sees no structural issues for Akamai and expects a similar buying opportunity setup after last night's earnings report. Auty keeps an Overweight rating on the stock with a $75 price target.
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