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Fly News Breaks for February 1, 2019
PFPT
Feb 1, 2019 | 07:09 EDT
Citi analyst Walter Pritchard raised his price target for Proofpoint to $117 saying the company's billings growth bounced back in Q4 with improved execution and strong new and upsell business. The business "appears to be finding stability at attractive combination of growth and profitability," Pritchard tells investors in a research note. He maintains a Buy rating on the shares.
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