Cantor Fitzgerald Downgrades Fortinet to Neutral, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Jonathan Ruykhaver has downgraded Fortinet (NASDAQ:FTNT) from Overweight to Neutral and lowered the price target from $75 to $50.
November 03, 2023 | 10:17 am
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NEGATIVE IMPACT
Fortinet has been downgraded from Overweight to Neutral by Cantor Fitzgerald, with a lowered price target from $75 to $50.
The downgrade from Overweight to Neutral by Cantor Fitzgerald, along with a significant reduction in the price target, indicates a less optimistic outlook for Fortinet. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100