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Fly News Breaks for September 23, 2015
SPLK
Sep 23, 2015 | 07:36 EDT
After attending Splunk's user conference this week and analyst session yesterday, Canaccord analyst Richard Davis Jr. said the company is still "best in class" in the big data sub-segment in which it operates with no signs of giving up that position. Following a 15% pullback since mid-August, Splunk shares are "comparatively inexpensive," the analyst told investors. Noting that the analyst day highlighted Splunk's continued investments in its product initiatives, Davis Jr. lowered his price target on the stock $75 from $83.
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