Palo Alto upgraded to Conviction Buy from Buy at Goldman Goldman added Palo Alto to its Conviction Buy List due to valuation and improving penetration with existing customers. Price target is $80.
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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.