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Here's Why Shares Of Palo Alto Networks (PANW) Climbed Today

Shares of cybersecurity firm Palo Alto Networks (PANW - Free Report) climbed 4% in morning trading Friday after Citigroup (C - Free Report) upgraded the company’s stock from “Neutral” to “Buy.” The target price was also raised from $147 to $160, representing an upside of over 20%.

Citi analyst Walter Pritchard said that Palo Alto Networks’ management team created positive turnaround efforts and has gotten ahead of negative revisions.

“We expect next wave of network...