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Fly News Breaks for March 4, 2020
PFPT
Mar 4, 2020 | 05:15 EDT
First Analysis analyst Howard Smith upgraded Proofpoint to Strong Buy from Outperform with an unchanged price target of $143. The recent stock weakness due to COVID-19 concerns has created a "compelling entry point for a consistently and solidly executing company," Smith tells investors in a research note. Further, the analyst gained "incremental confidence" in upside for Proofpoint's recently acquired ObserveIT assets at the RSA Conference.
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