Benzinga Bulls and Bears: Palo Alto, Ciena, Lululemon
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Morgan Stanley Maintains Equal-Weight on Zscaler, Raises Price Target to $165
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Macquarie Maintains Outperform on Zscaler, Raises Price Target to $200
Macquarie analyst Steve Koenig maintains Zscaler (NASDAQ:ZS) with a Outperform and raises the price target from $172 to $200.
Shares of software companies are trading lower after August's hotter-than-expected payrolls report increased expectations that the Federal Reserve could raise interest rates at its next meeting. A stronger U.S. dollar and higher rate expectations are weighing on growth stocks by reducing investor appetite for higher-risk assets.
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