Morgan Stanley Maintains Overweight on Fortinet, Raises Price Target to $84
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Hamza Fodderwala maintains an Overweight rating on Fortinet (NASDAQ:FTNT) and raises the price target from $77 to $84.
July 10, 2023 | 1:55 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Fortinet and raises the price target from $77 to $84, indicating a positive outlook for the company.
The raised price target by Morgan Stanley indicates their belief in the company's potential for growth. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100