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Fly News Breaks for January 25, 2016
SPLK
Jan 25, 2016 | 09:22 EDT
KeyBanc believes that Splunks revenue run rate could exceed $1B this year, enabling its earnings, margin and multiple to expand in 2H16. The firm says that the decline in the stock this year is overdone, and it thinks the company could become a takeover target this year. It keeps an $82 price target and Overweight rating on the shares.
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