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Fly News Breaks for July 7, 2017
PANW
Jul 7, 2017 | 09:27 EDT
Citi analyst Walter Pritchard upgraded Palo Alto Networks to Buy and raised his price target for the shares to $160 from $147. After six quarters of estimates cuts, management "has gotten ahead of negative revisions" and FY18 offers an "even set-up on numbers," Pritchard tells investors in a research note. The analyst sees stabilization in the security market and highlights Palo Alto's recurring revenue.
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