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Fly News Breaks for May 22, 2018
PSTG
May 22, 2018 | 08:07 EDT
JMP Securities analyst Erik Suppiger increased his price target on Pure Storage shares to $26 after the company reported "modest upside" in Q1 and guided slightly above consensus, though he acknowledged that expectations were high heading into the report. Suppiger. who thinks the opportunity to replace direct attached storage in the upcoming refresh cycle represents an attractive short-term catalyst for Pure, keeps an Outperform rating on the stock.
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