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Fly News Breaks for October 29, 2018
PFPT
Oct 29, 2018 | 09:45 EDT
As previously reported, KeyBanc analyst Rob Owens upgraded Proofpoint to Overweight from Sector Weight, with $120 price target. While last week's earnings results and, more importantly, 2019 guidance disappointed the Street, last week's over-reaction in shares has created a compelling opportunity, he contends.
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