Gigamon (GIMO) May calls active after positive Sohn Conference mention

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Go back to Gigamon (GIMO) May calls active after positive Sohn Conference mention

Gigamon (GIMO) PT Raised to $45 at Stifel Following Activist Stake

May 8, 2017 12:32 PM EDT

Stifel raised its price target on Gigamon (NYSE: GIMO) to $45.00 (from $39.00) while maintaining a Buy rating after Elliott Associates disclosed a 15.3% stake.

Analyst Patrick Newton notes the acquisition of a large stake could explain the recent appreciation of shares, which have increased... More