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Fly News Breaks for March 9, 2018
AKAM
Mar 9, 2018 | 08:09 EDT
Credit Suisse analyst Brad Zelnick raised his price target on Akamai Technologies to $88 from $78 following value-creation initiatives announced in cooperation with Elliott Management. In a research note to investors titled "Only the Beginning," Zelnick said the initiatives fuel confidence in the company's path to further value creation and believes significant optionality remains beyond the operational enhancements announced so far. Zelnick reiterated his Outperform rating.
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