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Fly News Breaks for August 19, 2016
SPLK
Aug 19, 2016 | 08:22 EDT
RBC Capital analyst Matthew Hedberg says checks on Splunk have improved, leading him to believe that the company's Q2 results will beat expectations by a small amount. The analyst says that the company's total available market is expending, while its margins can rise going forward. He says that the stock "is a core holding for growth investors" and raised his price target on the shares to $70 from $60 and keeps an Outperform rating on the stock.
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