HSBC Initiates Coverage On Palo Alto Networks with Hold Rating, Announces Price Target of $242
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has initiated coverage on Palo Alto Networks (NASDAQ:PANW) with a Hold rating and a price target of $242.
September 29, 2023 | 11:00 am
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HSBC has initiated coverage on Palo Alto Networks with a Hold rating and a price target of $242.
The initiation of coverage by HSBC with a Hold rating suggests that the bank sees the stock as fairly valued at current levels. The price target of $242 indicates where they believe the stock will trade in the near future. This could influence investor sentiment and potentially impact the stock's price, but the Hold rating suggests no significant movement is expected in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100