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Fly News Breaks for October 17, 2018
FTNT
Oct 17, 2018 | 16:49 EDT
Baird analyst Jonathan Ruykhaver assumed coverage on Fortinet with a Neutral rating and $85 price target. The analyst sees the target valuation as fair given an "expectation of mid-teens revenue growth, increasing mix of recurring revenues, sustainable +30% cash flow margins, and strong execution."
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