Palo Alto Networks price target lowered to $325 from $345 at Barclays

Barclays lowered the firm’s price target on Palo Alto Networks to $325 from $345 and keeps an Overweight rating on the shares following the fiscal Q3 report. The company grew revenue performance obligation bookings 17% but total billings growth of 3% year-over-year was below upside expectations, despite better checks because of lower duration, the analyst tells investors in a research note.