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Palo Alto Networks (PANW) PT Raised to $155 at BofA/Merrill Lynch

March 3, 2015 8:15 AM EST
Get Alerts PANW Hot Sheet
Price: $285.24 +1.09%

Rating Summary:
    46 Buy, 18 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
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BofA/Merrill Lynch boosted its price target on Palo Alto Networks (NYSE: PANW) to $155.00 (from $130.00) following Q2 results but maintained a Neutral rating.

Analyst Tal Liani said the new price target reflects solid execution and growth acceleration, but the remain Neutral on valuation.

The firm raised FY 2015 EPS from $0.73 to $0.82, FY 2016 EPS from $1.33 to $1.59 and FY 2017 EPS from $1.96 to $2.21.

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 $145.98 yesterday.



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