Palo Alto Networks target raised to $220 at BMO Capital Markets
- BMO Capital Markets raises their PANW tgt to $220 from $190. Firm believes PANW will deliver solid Q3 results, though they think the amount of upside will be less than the past several quarters. While PANW did not highlight its firewall appliances at Ignite ‘18, they believe that PANW's product sales will continue to benefit from its major appliance refresh in early 2017. They are modestly raising our estimates and target price