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Fly News Breaks for August 18, 2015
FEYE
Aug 18, 2015 | 05:29 EDT
Imperial Capital analyst Michael Kim upgraded FireEye to Outperform citing a favorable risk/reward at current share levels. The stock trades at the lower valuation end of similar high-growth security vendors, Kim tells investors in a research note. He believes FireEye is making "significant progress" on driving higher sales productivity and margin expansion. Kim raised his price target for shares to $55 from $45.50. The cybersecurity provider closed yesterday up 64c to $43.65.
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