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Fly News Breaks for June 26, 2015
PANW, FTNT, CHKP, FEYE
Jun 26, 2015 | 05:41 EDT
Barclays analyst Saket Kalia downgraded FireEye (FEYE) to Equal Weight after raising his price target for shares to $56 from $47. Kalia believes the new target warrants a reduced rating on valuation grounds, but points out he expects the cybersecurity company to post 25% revenue growth and 30% cash flow margins. Elsewhere in the space, he initiated shares of Check Point (CHKP) with an Equal Weight rating and Fortinet (FTNT) with an Overweight rating. Kalia also raised his price target for Overweight-rated Palo Alto Networks (PANW) to $210.
News For FEYE;CHKP;FTNT;PANW From the Last 2 Days
PANW
Apr 29, 2024 | 11:20 EDT
Morgan Stanley analyst Hamza Fodderwala tells investors that recent checks indicate "solid" large deal activity and "favorable" competitive positioning for Palo Alto Networks, making the firm "incrementally bullish" ahead of next week's AI event scheduled for May 7 at RSA conference, at which the company is likely to announce new products. The firm has an Overweight rating and $360 price target on Palo Alto shares.
