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Fly News Breaks for July 24, 2015
PFPT
Jul 24, 2015 | 07:53 EDT
Stephens raised its price target on Proofpoint to $77 from $70 after the company reported better than expected Q2 revenue and billings, as the firm believes that its strong organic growth can continue given its growing distribution footprint and demand for protection against advanced persistent threats. The firm keeps its Overweight rating on Proofpoint shares.
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