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Fly News Breaks for May 1, 2019
AKAM
May 1, 2019 | 07:26 EDT
KeyBanc analyst Brandon Nispel raised his price target for Akamai to $91 from $80, noting that the company's revenue beat expectations and strong expense management drove EBITDA upside. The analyst believes investors will likely chase accelerating growth into 2020, which will carry increased risk given growth may not manifest. Still, business fundamentals remain strong, he adds. Nispel reiterates an Overweight rating on the shares.
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