As previously reported, Morgan Stanley analyst Keith Weiss upgraded Akamai to Overweight from Equal Weight, citing his increased confidence in durable high single digit revenue growth and margins improving. He expects stabilization in Media, continued rapid growth in Security and a "sticky customer base" in Web Performance can all drive durable double-digit operating income growth, which does not look priced in, Weiss stated. However, he trimmed his price target on Akamai shares to $79 from $82.
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