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FireEye Recovering Recent Losses After Topeka Upgrade

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On Wednesday, Topeka Capital upgraded shares of FireEye (NASDAQ: FEYE) from Hold to Buy and maintained the $70 price target.

Analyst Frederick Ziegel believes profitability is “still a few years away” for the company. Investors will return to high-growth names, “particularly in markets as top-of-mind as security,” said the analyst.

Shares of FireEye are up 4.3 percent to $54.61 following the upgrade.

The stock is attempting to recover major losses this week after a brutal five week stretch, which sent shares down from its March high of $97.35.

Latest Ratings for FEYE

DateFirmActionFromTo
May 2015Evercore PartnersInitiates Coverage onBuy
Mar 2015Raymond JamesInitiates Coverage onMarket Perform
Feb 2015Bank of America

View More Analyst Ratings for FEYE
View the Latest Analyst Ratings

Posted-In: Frederick Ziegel Topeka CapitalAnalyst Color Analyst Ratings Movers

 

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