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Fly News Breaks for August 24, 2016
NMBL
Aug 24, 2016 | 09:08 EDT
BMO Capital analyst Tim Long says that Nimble's entry into the All Flash Array market is "a game changer" for the company, and he expects the company's "early success" in that market to continue. The analyst is gaining confidence in the company's fundamentals after it reported results he calls "solid.". He raised his price target on the shares to $13 from $10 and keeps an Outperform rating on the stock.
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