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Fly News Breaks for July 29, 2015
AKAM
Jul 29, 2015 | 07:21 EDT
UBS lowered its price target on Akamai to $80 from $88 citing weaker than expected Q3 guidance. The firm thinks the longer-term story remains intact as they see the adoption of video accelerating traffic growth over time. UBS, which also expects a rebound in free cash flow, security growth and improved pricing, reiterated its Buy rating on Akamai shares.
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