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Fly News Breaks for August 21, 2015
BRCD
Aug 21, 2015 | 05:31 EDT
Summit Research analyst Srini Nandury upgraded Brocade to Buy saying the stock has bottomed following the recent pullback. The company is seeing continued strength in its Ethernet business and has an improving free cash flow outlook, Nandury tells investors in a research note. He raised his price target for shares to $14 from $11.
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