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Fly News Breaks for December 10, 2019
ZS
Dec 10, 2019 | 06:22 EDT
Piper Jaffray analyst Rob Owens last night downgraded Zscaler to Neutral from Overweight with a $55 price target after assuming coverage of the name. While Zscaler has an impressive growth opportunity, execution and competitive risks coupled with its current valuation "leave little room for price improvement," Owens tells investors in a research note.