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Fly News Breaks for October 16, 2019
PSTG
Oct 16, 2019 | 07:30 EDT
Raymond James analyst Simon Leopold upgraded Pure Storage to Outperform from Market Perform with a $22 price target. In a research note to investors, Leopold says recent VAR/Distributor checks have reflected positive sentiment suggesting Pure can exceed current Street estimates, and says he has gained a greater appreciation for the market expansion offered by the new FlashArray//C. While he still sees recession and competitive risks, Leopold views Pure Storage's shares as attractive.
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