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Fly News Breaks for March 28, 2018
FEYE
Mar 28, 2018 | 08:17 EDT
Morgan Stanley analyst Melissa Franchi said FireEye's strengthened product portfolio, simplified marketing message, greater channel contribution and durable renewal base give her greater conviction in the achievability, and room for upside, in the company's outlook for 12% billings and free cash flow growth through FY22. Given her greater confidence, and her view that its multiple has room to move higher, Franchi raised her price target on FireEye to $21 from $19 and keeps an Overweight rating on the shares.
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