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Fly News Breaks for March 17, 2015
PFPT
Mar 17, 2015 | 07:31 EDT
Based on management's comments and data checks, Pacific Crest believes that Proofpoint's momentum shown in Q4 is continuing this quarter. The firm raised its estimates above the company's guidance and increased its price target on the name to $63 from $59. It keeps an Outperform rating on the shares.
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