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Fly News Breaks for February 23, 2016
SPLK
Feb 23, 2016 | 07:35 EDT
Stephens analyst Jonathan Ruykhaver said his checks on Splunk suggest the company's Q4 results could top "conservative" consensus forecasts and he believes the company is well positioned to keep outperforming consensus estimates through FY16. Ruykhaver keeps an Overweight rating on Splunk shares, but lowered his price target on the stock to $50 from $80 to account for compressed multiples across its space.
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