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Morgan Stanley Feels Confident About Palo Alto Networks Following Analyst Day

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In a report published Tuesday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $90.00 price target on Palo Alto Networks (NYSE: PANW).

In the report, Morgan Stanley noted, “We walked into Palo Alto Networks' analyst day positive on the consolidation opportunity in network security. We walk out thinking Palo Alto Networks has a very real shot at making the expansion into the $4B end point market work. With an expanding market opportunity ahead, improved execution and a multiple still not reflective of the growth – PANW remains a top pick in software.”

Palo Alto Networks closed on Monday at $68.60.

Latest Ratings for PANW

DateFirmActionFromTo
Feb 2016Maxim GroupInitiates Coverage onBuy
Jan 2016Northland SecuritiesInitiates Coverage onOutperform
Dec 2015Evercore ISI GroupInitiates Coverage onBuy

View More Analyst Ratings for PANW
View the Latest Analyst Ratings

Posted-In: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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