Evercore Started Splunk (SPLK) at Equal Weight

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Evercore Partners' Kirk Materne initiated coverage on Splunk (NASDAQ: SPLK) with an Equal Weight rating and $32 price target Tuesday morning.

Since analysts started initiating coverage on the stock at the beginning of June, most have been bullish. Out of eight firms which now cover shares of Splunk, Evercore's Materne is one of just three analysts which rate the stock at the equivalent of a Hold or lower.

Splunk shares are down 0.03 percent to $32.12 at last check.

For an analyst ratings summary and ratings history on Splunk click here. For more ratings news on Splunk click here.

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