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UPDATE: FBR Capital Upgrades Palo Alto Networks

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On Tuesday, FBR Capital upgraded shares of Palo Alto Networks (NYSE: PANW) from Market Perform to Outperform and raised the price target from $80 to $90.

Analyst James Moorse sees faster than expected adoption of the company's platform as well as a sales force that is more productive than competitors.

While the Juniper lawsuit is not completely behind Palo Alto Networks, it is less of an overhang.

The analyst is expecting 45 and 35 percent revenue growth in 2014 and 2015 respectively.

Shares of Palo Alto Networks are down 0.4 percent to $72.86.

Latest Ratings for PANW

DateFirmActionFromTo
Dec 2016Summit Redstone PartnersInitiates Coverage OnHold
Nov 2016BarclaysMaintainsOverweight
Nov 2016JMP SecuritiesMaintainsMarket Outperform

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Posted-In: FBR Capital James MooreAnalyst Color Analyst Ratings

 

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