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Fly News Breaks for January 13, 2020
SPLK
Jan 13, 2020 | 21:00 EDT
First Analysis analyst Howard Smith downgraded Splunk to Neutral from Outperform with an unchanged $157 price target as part of his broader research note on the cyber security sector. The analyst believes that the recent run-up in the stock price has adequately reflected the positive news while potentially underestimating the future risks to momentum coming from product pricing issues and a growing list of competitors.
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