Palo Alto Networks price target raised to $216 from $200 at BTIG

BTIG raised the firm’s price target on Palo Alto Networks (PANW) to $216 from $200 and keeps a Buy rating on the shares. The firm has completed a round of channel checks with partners and customer contacts, stating that the tone of discussions was constructive to positive across all contacts and that feedback from partners has improved relative to its January field work, the analyst tells investors in a research note.