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Fly News Breaks for November 22, 2019
PSTG
Nov 22, 2019 | 08:17 EDT
Cowen analyst Karl Ackerman lowered his price target on Pure Storage to $19 from $23 following Q3 results. He believes the selling after hours was out of frustration as the company guided lower for the third consecutive quarter. The analyst is concerned if its evolving procurement decisions further elongate a top-line recovery. Ackerman maintained his Outperform rating on Pure Storage shares.
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