RBC Capital Maintains Outperform on Palo Alto Networks, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an 'Outperform' rating on Palo Alto Networks (NASDAQ:PANW) but has lowered the price target from $277 to $250.
August 07, 2023 | 4:22 pm
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Palo Alto Networks' price target has been lowered from $277 to $250 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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