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Fly News Breaks for October 26, 2016
AKAM
Oct 26, 2016 | 06:05 EDT
Piper Jaffray analyst Michael Olson raised his price target for Akamai Technologies to $68 following the company's better than expected Q3 results. The company's mix shift towards a higher margin and less commoditized segment of the business continues, Olson tells investors in a research note. He expects "strong" continued Performance & Security and international growth in Q4 and beyond. The analyst maintains an Overweight rating on the shares.
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