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Fly News Breaks for September 15, 2016
PANW
Sep 15, 2016 | 09:13 EDT
After meeting with Palo Alto's CFO, JMP SDecurities analyst Erik Suppiger says that the company's customers are keeping their hardware products longer but spending more on support and subscription services. The analyst thinks that the latter trend will "help offset" the deceleration in product revenue expected to occur in fiscal 2017. He raised his price target on the stock to $180 from $165 and keeps an Outperform rating on the shares.
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