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Fly News Breaks for April 18, 2019
ANET
Apr 18, 2019 | 07:59 EDT
KeyBanc analyst Alex Kurtz raised his price target for Arista Networks to $350 from $320, as he believes improving channel relevance from expanded portfolio provides new enterprise reach and 400G continues as a second half of 2019 opportunity and largely not reflected in his estimates. Further, Kurtz says the pullback in valuation has created buying opportunity as 2019 comps should be more-manageable versus 2018. He reiterates an Overweight rating on the shares.
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