Palo Alto reiterated as a Strong Buy at Raymond James Raymond James said Palo Alto Q1 checks are mixed but secular drivers are strong. The firm expects the Q1 report to be in line to modestly above consensus and reiterates its Strong Buy rating given high growth and likely upward revisions to estimates.
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Palo Alto upgraded at Morgan Stanley As previously reported, Morgan Stanley upgraded Palo Alto to Overweight from Equal Weight. The analyst said Palo Alto is benefiting from security spending for Next Gen Firewalls and can sustain 35%+ revenue growth. Price target is $65.
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