BMO Capital Maintains Outperform on Palo Alto Networks, Lowers Price Target to $283
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has maintained an Outperform rating on Palo Alto Networks (NASDAQ:PANW) but has reduced the price target from $300 to $283.
November 16, 2023 | 4:38 pm
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NEUTRAL IMPACT
BMO Capital has maintained its Outperform rating on Palo Alto Networks but lowered the price target from $300 to $283, indicating a potential upside but with a more conservative outlook.
While the Outperform rating suggests that BMO Capital still sees Palo Alto Networks as a good investment, the reduction in the price target may reflect a more cautious view of the company's future performance or market conditions. This could lead to a neutral short-term impact on the stock as investors digest the mixed signals of continued confidence in performance against a slightly lowered expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100