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Fly News Breaks for March 14, 2019
SPLK
Mar 14, 2019 | 06:19 EDT
Mizuho analyst Gregg Moskowitz last night initiated coverage of Splunk with a Buy rating and $150 price target. The company's value proposition "remains significantly differentiated," and it is "very well-positioned" to continue growing at a high rate, Moskowitz tells investors in a research note. Contrary to the bear thesis, Splunk's duration-adjusted growth is "very healthy," adds the analyst.
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