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Fly News Breaks for November 18, 2016
FFIV
Nov 18, 2016 | 07:26 EDT
Following the company's Investor Day, Oppenheimer analyst Ittai Kidron raised his price target for F5 Networks to $157 from $140 to reflect "greater confidence" in the growth story in 2017. The analyst remains bullish as he sees good execution on the pivot toward security and cloud while holding its dominant position in its core ADC market. Furthermore, he expects F5 Networks to show improved year over year product growth patterns moving into FY17 and sees further upside to the shares. Kidron reiterates an Outperform rating on the shares.
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