Wells Fargo Maintains Overweight on Fortinet, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski maintains an Overweight rating on Fortinet (NASDAQ:FTNT) but lowers the price target from $90 to $85.
August 04, 2023 | 3:49 pm
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Wells Fargo maintains an Overweight rating on Fortinet but lowers the price target from $90 to $85.
The news is directly related to Fortinet. While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target might create some uncertainty among investors, potentially impacting the stock's short-term performance.
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