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Fly News Breaks for April 23, 2015
FFIV
Apr 23, 2015 | 08:26 EDT
Pacific Crest believes that the strong growth in F5's profits and free cash flows are far outpacing its revenue growth, which has been affected by tough comparisons. The firm thinks this situation creates a compelling risk/reward ratio, and it believes that the company's cash flows are underappreciated. It raised its price target on the name to $149 from $141 and keeps an Overweight rating on the shares.
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