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Fly News Breaks for December 8, 2015
PANW, IMPV, SPLK, FEYE
Dec 8, 2015 | 06:24 EDT
Citi analyst Walter Pritchard upgraded FireEye (FEYE) to Buy after his firm's survey of 51 Chief Information Security Officers indicated an acceleration in security spend in 2016. FireEye, Splunk (SPLK), Imperva (IMPV) and Palo Alto (PANW) "showed up fairly well" in the survey, with FireEye "showing exceptional strength," Pritchard tells investors in a research note. He raised his price target for the stock to $35 from $31. FireEye closed yesterday down 86c to $20.19.
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