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Fly News Breaks for September 5, 2019
PANW
Sep 5, 2019 | 07:12 EDT
Credit Suisse analyst Brad Zelnick raised his price target for Palo Alto Networks to $195 from $185 following mixed Q4 results. The analyst also highlights the company's analyst day, where it surprised by not announcing a business model transition that had been previously telegraphed, yet cutting adjusted free cash flow margin to 30% in 2020 from 37% in 2019, without any real change in duration. Zelnick reiterates an Underperform rating on the shares.