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Fly News Breaks for July 24, 2018
CVLT
Jul 24, 2018 | 16:42 EDT
MUFG analyst Stephen Bersey kept his Neutral rating on Commvault after the company's mixed Q2 earnings but raised his price target to $59 from $57 to reflect the "broad tech-market re-rating". The analyst believes the company's quarter was generally "weak", driven by "derivative impacts from its restructuring efforts and continued poor sales performance", but also notes that its end markets are robust and the products are "high quality".
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