Fly News Breaks for February 26, 2016
SPLK
Feb 26, 2016 | 08:52 EDT
Canaccord said Splunk shares have been overly punished over broad-based fear, but noted the company reported good Q4 results and has room to run. The firm believes Splunk has a multi-billion dollar opportunity, citing its strong demand and the fairly benign competitive environment. Canaccord reiterated its Buy rating and lowered its price target to $60 from $75 on Splunk shares.
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