Exclusive: Elliott target Gigamon prepares to explore a sale - sources

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Go back to Exclusive: Elliott target Gigamon prepares to explore a sale - sources

Gigamon (GIMO) PT Raised to $50 at Needham & Company Amid 'Strategic Review'; Worth $50-$55 in a Deal

June 5, 2017 6:18 AM EDT

Needham & Company raised its price target on Gigamon (NYSE: GIMO) to $50.00 (from $34.00) while maintaining a Buy rating following reports over the weekend the company has undertaken an active review of its "strategic options."

"Based on these events and observations, we think the odds... More