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Fly News Breaks for April 19, 2017
PFPT
Apr 19, 2017 | 06:07 EDT
DA Davidson analyst Jack Andrews upgraded Proofpoint to Buy and raised his price target for the shares to $90 from $83. The relative underperformance of the shares since October has created an attractive entry point, Andrews tells investors in a research note. The analyst notes his channel checks have consistently revealed that email and social engineering threats are considered the biggest security challenges. He sees near-term catalysts driving further momentum at Proofpoint.
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