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Fly News Breaks for May 19, 2017
PANW
May 19, 2017 | 04:56 EDT
Jefferies analyst John DiFucci upgraded Palo Alto Networks to Buy and raised his price target for the shares to $150 from $130. The cybersecurity vendor closed yesterday down 76c to $113.71. Palo's recent operational weakness has more to do with a major product cycle than sales execution or increased competition, DiFucci tells investors in a research note. He expects the company's business to reaccelerate over the next two quarters. DiFucci finds Palo well positioned for the future development of the cybersecurity market.
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