Morgan Stanley raised the firm’s price target on F5 Networks (FFIV) to $305 from $280 and keeps an Equal Weight rating on the shares. After having hosted the firm’s quarterly Enterprise value added reseller call, the firm reports that Q2 VAR performance was in-line to slightly above expectations. The firm, which points to “clear improvement” in spending patterns in May and June versus April, adds that F5 checks were “surprisingly” positive.
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