B of A Securities Downgrades Palo Alto Networks to Neutral, Lowers Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Tal Liani has downgraded Palo Alto Networks (NASDAQ:PANW) from Buy to Neutral and reduced the price target from $290 to $265.
November 16, 2023 | 7:17 pm
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NEGATIVE IMPACT
Palo Alto Networks was downgraded by B of A Securities from Buy to Neutral with a price target decrease from $290 to $265.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a tempered expectation for the company's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100