Shares of FireEye (FEYE) - Get FireEye, Inc. Report were soaring by 6.06% to $11.38 in pre-market trading on Monday morning, after the cybersecurity solutions company was upgraded to "buy" from "neutral" at Bank of America/Merrill Lynch.

The rating change comes as the firm believes the company's growth resumption guidance for the second half of the year is under appreciated by Wall Street. BofA sees FireEye as having the most advanced threat intelligence in the space.

The firm increased its price target on the stock to $18 from $13.50.

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