BMO Capital Maintains Market Perform on Fortinet, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has maintained a 'Market Perform' rating on Fortinet (NASDAQ:FTNT) but lowered the price target from $88 to $72.
August 04, 2023 | 7:58 pm
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Fortinet's price target has been lowered from $88 to $72 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in Fortinet's stock value in the short term. However, the maintenance of the 'Market Perform' rating suggests that the company's overall performance is expected to be in line with the market average.
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