Piper Jaffray Initiates Proofpoint With Overweight

Analysts at Piper Jaffray initiated coverage on

with a Overweight rating. The target price for Proofpoint is set to $65. Proofpoint shares have climbed 29.41% over the past 52 weeks, while the S&P 500 index has gained 11.87% in the same period. Proofpoint's shares rose 3.25% to close at $56.89 yesterday.