Mizuho lowered the firm’s price target on Palo Alto Networks (PANW) to $210 from $225 and keeps an Outperform rating on the shares following the company’s takeover of CyberArk (CYBR). The firm sees potential for the deal to be highly synergistic.
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Read More on PANW:
- Palo Alto Networks Announces Merger with CyberArk
- Palo Alto Networks’ Strategic Acquisition of CyberArk: A Catalyst for Growth in Identity Security
- Palo Alto Networks’ Strategic Acquisition of CyberArk: Balancing Long-term Opportunities and Immediate Risks
- Palo Alto Networks downgraded to Sector Weight from Overweight at KeyBanc
- M&A News: CyberArk Stock (CYBR) Dips as Palo Alto Jumps on Board in $25B Takeover
