Palo Alto Networks initiated with a Buy at Redburn

Redburn analyst Nina Marques initiated coverage of Palo Alto Networks with a Buy rating and $270 price target. The Buy rating is supported by her view of Palo Alto as the leader in its main area of network security and continued strong demand for firewall security, Marques tells investors. She believes Palo Alto can deliver both growth and free cash flow margins "at an attractive valuation."