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Commvault initiated with a Buy at Truist

Truist initiated coverage of Commvault (CVLT) with a Buy rating and $230 price target The company is well positioned to benefit from the growing importance of data security amid rising ransomware attacks, the analyst tells investors in a research note. The firm says Commvault offers a complete cyber resilience platform and is taking share from legacy backup and recovery vendors and point solutions.

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