UPDATE: Jefferies Reiterates on Palo Alto Networks as Next Phase of the Litigation Nears

In a report published Thursday, Jefferies analyst Aaron Schwartz reiterated a Hold rating on Palo Alto Networks (NYSE: PANW ), but lowered the price target from $51.00 to $48.00. In the report, Jefferies noted, “The next phase of the patent litigation process will occur on November 15 with hearings for