Commvault initiated with an Overweight at KeyBanc

KeyBanc analyst Eric Heath initiated coverage of Commvault (CVLT) with an Overweight rating and $192 price target The firm is positive on the company’s accelerating market growth in backup and recovery. It views Commvault as a share gainer with improving cyber resilience go-to-market execution and says it is “differentiated with breadth of support for workloads, apps, and deployment options.”