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Fly News Breaks for June 25, 2019
PVTL
Jun 25, 2019 | 06:11 EDT
BofA/Merrill Lynch analyst Nikolay Beliov downgraded Pivotal Software to Underperform from Neutral following the company's "meaningful" revenue guidance miss with its Q1 report. Pivotal is taking the right steps to address its challenges, but addressing them will take some time, said Beliov, who sees the stock underperforming in the next 12 months. He has a $12 price target on Pivotal shares.
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