F5 price target lowered to $315 from $350 at RBC Capital

RBC Capital analyst Matthew Hedberg lowered the firm’s price target on F5 (FFIV) to $315 from $350 and keeps a Sector Perform rating on the shares. The company delivered a good quarter to close out a solid year, though this was dampened by the impact of the previously announced security incident, the analyst tells investors in a research note. RBC adds however that F5 is actively engaged with customers and that no business has been lost thus far as a result.