FEYE: FireEye Pops on Post-Lockup Upgrade

But it lowered its price target for the stock


FEYE: FireEye Pops on Post-Lockup Upgrade

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

Fireeye 185 FEYE: FireEye Pops on Post Lockup UpgradeBarclays (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.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/05/feye-fireeye-pops-post-lockup-upgrade/.

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