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Fly News Breaks for May 20, 2015
SPLK
May 20, 2015 | 07:09 EDT
Macquarie upgraded Splunk to Outperform with a $87 price target based on efforts to expand new customer adoption and the application layer. The firm said Splunk has provided increased flexibility in the product evaluation phase, which should improve new customer adoption, and extended efforts to build full solutions in the application layer. Macquarie also believes Splunk could emerge as a winner in Big Data analytics, resulting in new customer wins.
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