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Fly News Breaks for September 1, 2017
PANW
Sep 1, 2017 | 05:26 EDT
Jefferies analyst John DiFucci raised his price target for Palo Alto Networks to $168 saying the record new customers in Q4 bodes well for the future. The company's FY18 outlook topped expectations other than for billings, which the analyst attributes to "prudent conservatism" given the change in head of U.S. sales and announced retirement of the CFO. He keeps a Buy rating on the shares.
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