Deutsche Bank last night upgraded Palo Alto Network (PANW) to Buy from Hold with a price target of $220, up from $200. With the stock underperforming the broader cyber space by 15% year-to-date, investor concerns for Palo Alto are overblown, the analyst tells investors in a research note. The firm cites the health of the business, the quality of the company’s leadership, and its prospects for the CyberArk (CYBR) acquisition for the upgrade.
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