Jefferies Downgrades Fortinet to Hold, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Joseph Gallo has downgraded Fortinet (NASDAQ:FTNT) from Buy to Hold and lowered the price target from $85 to $65.

October 19, 2023 | 10:42 am
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Fortinet has been downgraded from Buy to Hold by Jefferies, with a lowered price target of $65.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Fortinet's stock. The lowered price target from $85 to $65 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100