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PSTG

Pure Storage price target raised to $35 from $26 at JMP Securities
JMP Securities analyst Erik Suppiger raised the firm's price target on Pure Storage )PSTG) to $35 from $26 and keeps an Outperform rating on the shares as part of a broader research note on Cybersecurity & IT Infrastructure names. The analyst notes that the SolarWinds (SWI) attack reminded organizations of the need to be vigilant with their cybersecurity efforts and the reminder provided a catalyst for spending on cybersecurity technologies. Suppiger adds that the job openings survey in his coverage universe also suggests that companies have stepped up hiring in January and February.