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Fly News Breaks for May 27, 2016
PANW
May 27, 2016 | 08:31 EDT
After Palo Alto reported stronger than expected Q3 results but its Q4 guidance came in below expectations, RBc capital says its thesis on the company remains intact. The firm believes that the company continues to gain share, while it continues to have "significant free cash flow support." It trimmed its price target on the name to $185 from $195 but keeps an Outperform rating.
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