Thursday, May 29, 2014

Palo Alto settlement with Juniper better than expected, says Deutsche Bank $PANW $DB

May 29 at 06:12                                                                                            

      Deutsche Bank says Palo Alto's (PANW) $175M settlement with Juniper
(JNPR), which included no royalty fee, was "considerably" better than buy-side
expectations, which it pegs at a $500M payment and a 2%-3% royalty. Deutsche
believes Palo Alto's investment case is "materially de-risked" following the
positive settlement news and it raised its price target for shares to $95 from
$90. Deutsche has a Buy rating on the stock.

Palo Alto Networks --- Raymond James Upgraded to STRONG BUY (from Outperform) - Price Target: 90 (from 84) $PANW

Palo Alto Networks upgraded to Outperform from Performat Oppenheimer (Stock Price: 69.51)May 29 at 06:41 $PANW

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