Deutsche Bank Maintains Buy Rating on VeriSign (VRSN), But Lowers Price Target
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Deutsche Bank maintains a Buy rating on VeriSign (Nasdaq: VRSN), but lowers price target from $50 to $40.
Deutsche analyst says, "Long term remains attractive, but near term trends mixed Recent data suggest growth in DNS has weakened from last quarter. We suspect this is due to issues in the advertising related portion of the base, but we expect this to leave the stock range bound over the near term. We continue to view long term growth and margin potential as attractive and maintain our Buy, but lower our target to $40 on lower DNS projections."
VeriSign, Inc. (VeriSign) operates infrastructure services that enable and protect billions of interactions every day across the world’s voice, video and data networks.
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