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Fly News Breaks for October 11, 2018
IMPV
Oct 11, 2018 | 07:35 EDT
As previously reported, Morgan Stanley analyst Melissa Franchi upgraded Imperva to Equal Weight from Underweight and raised her price target on the shares to $56 from $39 following the company's agreement to be acquired by private equity firm Thoma Bravo. She believes the move to become a private company makes sense given the company's transition to a subscription model and noted that its recent strategic review did not uncover any other suitors.
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