UPDATE: UBS Upgrades FireEye

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In a note date September 7th, UBS analyst, Brent Thill upgraded shares of FireEye, Inc.
FEYE
from Neutral to Buy and Maintained a $40 price target. Thil explained that with the stock down ~27 percent year-to-date, he sees "at least" 17 percent upside to the current levels. He also noted FireEye trades a a discount to peers despite a better growth profile. Thill believes the stock will see upward revisions due to
  1. Increased strength in an already robust demand
  2. Contributions from new products
  3. An improving strategic position in the sector
  4. An increased uptake in subscriptions and services
Amid the upgrade at UBS, FireEye shares are up just over three percent in Monday's pre-market to ~$32.72.
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsBrent ThillUBS
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