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Fly News Breaks for November 28, 2018
NTNX
Nov 28, 2018 | 05:13 EDT
Jefferies analyst John DiFucci lowered his price target for Nutanix to $48 following the company's fiscal Q1 results and keeps a Hold rating on the name. The analyst says that while the Nutanix's transition to an all-software model is moving faster than expected and results this quarter exceeded estimates, he continues to "try to decipher the model, while trying to understand the current and likely long term prospects of the company." DiFucci finds the stock fairly valued at current levels.
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