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Fly News Breaks for July 27, 2017
FFIV
Jul 27, 2017 | 06:57 EDT
Wells Fargo analyst Jess Lubert downgraded F5 Networks to Market Perform and lowered his price target for the shares to $120 from $145 citing a deteriorating product growth outlook following the company's Q3 results. Product growth no longer seems likely to accelerate anytime soon, and may actually decline each of the next three quarters, despite the launch of multiple new products, Lubert tells investors in a post-earnings research note. Oppenheimer this morning also downgraded shares of F5.
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