Major indices finish lower amid GE earnings disappointment >>> READ MORE

FEYE: FireEye Pops on Post-Lockup Upgrade

But it lowered its price target for the stock


A major investment bank has given FireEye (FEYE) a vote of confidence, sending FEYE stock up more than 2% in Friday morning trading.

FEYEBarclays (BCS) raised its rating for FEYE stock from “Equal weight” to “Overweight.” However, the British bank trimmed its price target for FEYE stock from $50 to $40 per share. A Barclays analyst commented that “FEYE has at least four products and four services either coming to market or potentially being announced over the next few months. Management has talked about areas of interest including endpoint threat prevention, forensics and intrusion prevention services (IPS),” Benzinga notes.

On Thursday, FEYE stock closed at $32.29 per share.

More FireEye News:

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC