Evercore ISI lowered the firm’s price target on Palo Alto Networks (PANW) to $215 from $220 and keeps an Outperform rating on the shares. The firm says that demand in the cybersecurity sector is holding firm with an optimistic tone moving into the second half of the year. Positive signals for Palo Alto have emerged amid an uptick in large deal activity, particularly in July, Evercore adds.
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