Palo Alto Networks (PANW) PT Raised to $155 at Jefferies

Jefferies raised its price target on Palo Alto Networks (NYSE: PANW) to $155.00 (from $150.00) while maintaining a Buy rating.

Analyst John DiFucci acknowledges PANW business metrics improved modestly. He believes Q4 guidance is "prudent" and sees a likelihood the guidance from the company will prove conservative.

FY 2017 EPS estimate rises from $2.51 to $2.58, FY 2018 EPS estimate rises from $3.19 to $3.22 and FY 2019 EPS estimate rises from $4.28 to $4.32.

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