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Fly News Breaks for December 13, 2018
FSCT
Dec 13, 2018 | 07:20 EDT
As previously reported, Morgan Stanley analyst Melissa Franchi upgraded ForeScout to Overweight from Equal Weight, stating that the pullback in the stock in the past 3 months creates a compelling entry point for a company uniquely exposed to the strong secular themes of enterprises' need to increase security and compliance for a growing diversity of connected devices. Franchi, who sees several drivers of ramping growth for ForeScout in FY19, raised her FY19 revenue growth estimate up to 23% and increased her price target on the stock to $36 from $34.
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