DZ Bank Downgrades Fortinet to Sell, Announces $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
DZ Bank analyst Markus Leistner downgraded Fortinet (NASDAQ:FTNT) from Hold to Sell and set a price target of $60.

February 08, 2024 | 12:18 pm
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Fortinet was downgraded from Hold to Sell by DZ Bank analyst Markus Leistner, with a new price target of $60.
The downgrade from Hold to Sell by a notable analyst, along with the setting of a price target that may be below current market price, suggests a bearish outlook on Fortinet's stock. This could lead to a negative short-term impact on the stock price as market sentiment adjusts to the new rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100