Scotiabank raised the firm’s price target on Palo Alto Networks to $385 from $337 and keeps an Outperform rating on the shares. Based on the firm’s analysis ahead of the release of Palo Alto’s quarterly results, Scotiabank believes there is a risk to Street F25 Billings, but management should guide in-line for free-cash-flow margin, the analyst tells investors. Additionally, the firm believes the company is making the right strategic moves to accelerate consolidation with the company.
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