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Fly News Breaks for January 13, 2020
Jan 13, 2020 | 20:36 EDT
First Analysis analyst Howard Smith downgraded CyberArk to Outperform from Strong Buy but raised his price target to $154 from $143 as part of his broader research note on the cyber security sector. The analyst contends that the company is executing well and extending its market leadership position amid a healthy demand environment for privileged access security, but sees its 21% year-to-date run-up reducing some of the short-term potential in the shares.
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