Why Are Pure Storage Shares Trading Lower Tuesday?
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Pure Storage Inc. (NYSE:PSTGHTTPS, NYSE:PSTG) shares are trading lower Tuesday afternoon after UBS analyst David Vogt downgraded the stock from Neutral to Sell, despite raising the price target from $44 to $47.
What To Know: Pure Storage is a U.S.-based company that provides enterprise data storage solutions, generating revenue from product sales and subscription services. Analysts have mixed opinions about the company’s future, with a recent trend showing increasing price targets but also some cautionary ratings.
The average price target from 27 analysts stands …
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