Loop Capital Downgrades Palo Alto Networks to Hold, Announces $300 Price Target
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Yun Kim downgrades Palo Alto Networks (NASDAQ:PANW) from Buy to Hold and sets a $300 price target.

February 21, 2024 | 12:09 pm
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Palo Alto Networks was downgraded from Buy to Hold by Loop Capital, with a new price target of $300.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The setting of a specific price target provides a benchmark, but the downgrade from Buy to Hold is likely to have a more immediate negative impact on investor sentiment towards PANW.
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IMPORTANCE 90
RELEVANCE 100