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Fly News Breaks for May 22, 2018
PSTG
May 22, 2018 | 09:13 EDT
Maxim analyst Nehal Chokshi raised his price target on Pure Storage to $23 from $21 after the company's Q1 earnings, saying that despite the deceleration in its growth trajectory, the results suggest that it is still on track to "sustaining 30% annual growth". The analyst keeps his Hold rating on the shares, adding that the stock appears to be "fairly valued".
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