F5 Networks (FFIV) PT Lowered to $130 at BofA/Merrill Lynch
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Price: $404.63 +3.85%
Rating Summary:
21 Buy, 25 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 80
Rating Summary:
21 Buy, 25 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 80
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BofA/Merrill Lynch lowered its price target on F5 Networks (NASDAQ: FFIV) to $130.00 (from $140.00) while maintaining a Neutral rating.
Analyst Tal Liani says guidance was disappointing on weak appliance demand while software "fairs better." The analyst fears the transition may linger for a bit longer as the company works find its way into new markets.
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