William Blair Downgrades Fortinet to Market Perform
Portfolio Pulse from Benzinga Newsdesk
William Blair analyst Jonathan Ho has downgraded Fortinet (NASDAQ:FTNT) from Outperform to Market Perform.
November 03, 2023 | 12:26 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fortinet has been downgraded from Outperform to Market Perform by William Blair analyst Jonathan Ho.
Analyst ratings often have a direct impact on a company's stock price. A downgrade from Outperform to Market Perform suggests that the analyst believes the company's stock will perform in line with the market, rather than outperforming it. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100