Morgan Stanley Maintains Overweight on Fortinet, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala maintains an Overweight rating on Fortinet (NASDAQ:FTNT) but has lowered the price target from $80 to $75.
September 15, 2023 | 1:10 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on Fortinet but lowered the price target from $80 to $75.
The news is directly about Fortinet and is likely to impact its stock. While the Overweight rating is positive, the lowering of the price target may have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100