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Fly News Breaks for June 19, 2018
FFIV
Jun 19, 2018 | 06:45 EDT
Citi analyst Jim Suva last night downgraded F5 Networks to Neutral from Buy while raising his price target for the shares to $190 from $170. With the stock up 38% year-to-date, the company's price-to-earnings valuation multiple has increased from 14.8 times at the start of the year to 17.8 times, Suva tells investors in a research note. He cites valuation for his downgrade of F5 to Neutral.
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