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Fly News Breaks for March 23, 2017
FEYE, PFPT
Mar 23, 2017 | 06:01 EDT
Goldman Sachs analyst Gabriela Borges downgraded Proofpoint (PFPT) to Sell and lowered her price target for the shares to $69 from $77. Proofpoint screens as one of the most expensive stocks in Software, while the Street is overestimating the sustainability of the company's growth, Borges tells investors in a research note. She expects moderating share gains in email security. Borges this morning also double upgraded FireEye (FEYE) to Buy from Sell.
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