Morgan Stanley Maintains Overweight on Fortinet, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala has maintained an 'Overweight' rating on Fortinet (NASDAQ:FTNT) but lowered the price target from $84 to $80.

August 04, 2023 | 4:59 pm
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Morgan Stanley has maintained an 'Overweight' rating on Fortinet but lowered the price target from $84 to $80.
The news is directly about Fortinet and is likely to impact its stock. While the 'Overweight' rating suggests that Morgan Stanley expects the stock to outperform, the lowering of the price target may create some negative sentiment. However, as the rating remains positive, the overall impact on the stock is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100