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Fly News Breaks for March 4, 2016
QLIK, DATA, SPLK
Mar 4, 2016 | 07:58 EDT
BMO Capital analyst Keith Bachman started Splunk (SPLK) with an Outperform rating and $55 price target. The company has a "lot of room for growth" with its total addressable market likely to grow 11% on average over the next few years, Bachman tells investors in a research note. He estimates Splunk's security revenues will grow by more than 40% in FY17. Bachman also initiated Tableau (DATA) and Qlik Technologies (QLIK) with Market Perform ratings.
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