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Fly News Breaks for September 5, 2017
PANW
Sep 5, 2017 | 12:21 EDT
Imperial Capital analyst Michael Kim upgraded Palo Alto Networks to Outperform from In-Line and raised his price target for the shares to $165 from $137. In a midday research note, the analyst highlights the company's "strong progress" on its sales force reorganization as well as lower discounting relative to last year. Kim believes consistent sales execution and improving visibility could get investors increasingly constructive on the shares.
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