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Fly News Breaks for November 24, 2015
PANW
Nov 24, 2015 | 08:31 EDT
Cowen said Palo Alto remains a top pick in software following its strong Q1 results. The firm said checks indicate continued momentum with its installed base along with new customer acquisitions. Based on the company's margin and free cash flow, its valuation looks inexpensive relative to growth, said Cowen, which reiterated its Outperform rating and $210 price target on the shares.
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