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Fly News Breaks for May 17, 2017
VRNS
May 17, 2017 | 07:36 EDT
After meeting with Varonis' management, RBC Capital analyst Matthew Hedberg says the stock remains one of his favorite ideas for 2H17. The analyst thinks the company has multiple positive catalysts, including cross selling ,new products, and "increased attention to randomware." The analyst raised his price target on the stock to $42 from $40 and keeps an Outperform rating on the shares.
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