Palo Alto Networks (PANW) PT Raised to $175 at RBC Capital

RBC Capital raised its price target on Palo Alto Networks (NYSE: PANW) to $175.00 (from $159.00) while maintaining a Outperform rating.

Analyst Matt Hedberg believes management has shown quality execution and believes the company stands to benefit from the largest-ever product refresh, new application introduction extend the value proposition of the platform to consolidate security spending and believes increased estimates look beatable.

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