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Fly News Breaks for August 22, 2019
PSTG
Aug 22, 2019 | 07:30 EDT
Cowen analyst Karl Ackerman lowered his price target on Pure Storage to $23 from $28 following Q2 results. The analyst acknowledged the weak storage and computer spending backdrop but said the company is chipping away at market shares. He said 2019 was always an investment year and deferred revenue growth indicates future leverage. Ackerman reiterated his Outperform rating on Pure Storage shares.
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