UPDATE: Stifel Starts Palo Alto Networks (PANW) at Buy

Stifel analyst Adam C. Borg initiates coverage on Palo Alto Networks (NYSE: PANW) with a Buy rating and a price target of $455.00.

The analyst comments "Expect at least high-teens growth as PANW expands into a broader cybersecurity platform from its firewall roots; well-positioned to be a natural consolidator of security spend; SOTP valuation suggests upside."

For an analyst ratings summary and ratings history on Palo Alto Networks click here. For more ratings news on Palo Alto Networks click here.

Shares of Palo Alto Networks closed at $362.45 yesterday.

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