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Fly News Breaks for October 28, 2015
AKAM
Oct 28, 2015 | 08:16 EDT
After Akamai reported solid Q3 results but lowered its guidance, Pacific Crest believes that the company's 2016 growth outlook remains intact. The firm expects the company to benefit from the growth of OTT in 2016. It trimmed its price target on the name to $86 from $91 but continues to recommend buying the shares.
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