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Fly News Breaks for June 18, 2015
PANW
Jun 18, 2015 | 07:48 EDT
RBC Capital increased its price target on Palo Alto after meeting with the company's management, whom the firm described as confident. The firm thinks that the company's results could be boosted by its expanded distribution deals, and it says that the company's endpoint security product provides a call option for investors. The firm adds that the company's free cash flow margins could reach the mid-30% level by fiscal 2017. RBC keeps an Outperform rating on the shares.
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