Barclays upgrades Pure Storage with 36% upside; shares +3%

|About: Pure Storage (PSTG)|By:, SA News Editor

Barclays upgrades Pure Storage (NYSE:PSTG) from Equal Weight to Overweight and raises the price target by $3 to $22, which is 36% higher than yesterday’s closing price.

Analyst Mark Moskowitz sees an opportunity for Pure Storage to “pitch its brand” and achieve a higher market share as other legacy hardware vendors experience strategy struggles. 

Pure Storage shares are up 3.1% premarket to $16.65. 

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