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Fly News Breaks for June 5, 2015
PFPT
Jun 5, 2015 | 07:17 EDT
Piper Jaffray raised its price target for Proofpoint to $75 saying it left yesterday's analyst day thinking the company has "arguably the most sustainable and consistent business model in the industry." Piper believes Proofpoint can continue to post strong growth even if security spending starts to slow and keeps an Overweight rating on the name.
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