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Fly News Breaks for February 1, 2016
PFPT
Feb 1, 2016 | 05:42 EDT
Imperial Capital analyst Michael Kim upgraded Proofpoint to Outperform citing the recent pullback in shares and share gains in the company's core protection business. Kim raised his price target for the stock to $68 from $65. Proofpoint closed Friday down 6%, or $3.47, to $50.36 following the company's Q4 results.
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