JP Morgan Downgrades Fortinet to Neutral, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex has downgraded Fortinet (NASDAQ:FTNT) from Overweight to Neutral and lowered the price target from $67 to $52.
November 03, 2023 | 10:02 am
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Fortinet has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $52.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Fortinet. The lowered price target suggests that JP Morgan sees less upside potential in the stock, which could lead to selling pressure.
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IMPORTANCE 80
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