Lake Street lowered the firm’s price target on Pure Storage (PSTG) to $90 from $92 and keeps a Buy rating on the shares. While the firm lowered its price target to account for the temporarily-depressed gross margin and the dilutive impact of 1touch, it adds that it is “pleased with the accelerated product revenue growth.”
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Read More on PSTG:
- Pure Storage price target raised to $63 from $60 at UBS
- Pure Storage price target raised to $84 from $83 at Morgan Stanley
- Pure Storage price target lowered to $90 from $100 at Wells Fargo
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