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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 17:05 EDT
Jefferies analyst Brent Thill maintained a Buy rating on Splunk, and raised his price target on shares to $180 from $165. He called the company one of his top picks in Small/Mid Cap Software, saying it "remains well positioned as a leader at scale in the log management space with ongoing success in workload penetration for ITOM, application delivery and SIEM use cases." Thill added that he sees Splunk's stock as attractively priced compared to its peers.
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