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Fly News Breaks for March 11, 2019
NTNX
Mar 11, 2019 | 06:43 EDT
Jefferies analyst John DiFucci upgraded Nutanix to Buy from Hold with an unchanged price target of $42. Potential rewards outweigh the risks at current valuation levels, DiFucci tells investors in a research note. The analyst believes Nutanix's core products are "extremely sticky and will continue to see footprint expansion within current customers." He admits, however, that some risks like the transition to term and macro competition remain.
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