Northland Capital Markets Downgrades Palo Alto Networks to Market Perform, Announces $275 Price Target
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Nehal Chokshi downgraded Palo Alto Networks (PANW) from Outperform to Market Perform and set a $275 price target.
February 21, 2024 | 4:45 pm
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NEGATIVE IMPACT
Palo Alto Networks was downgraded by Northland Capital Markets from Outperform to Market Perform with a new price target of $275.
The downgrade from Outperform to Market Perform by a notable analyst could lead to a negative perception among investors, potentially impacting the stock's short-term performance. The setting of a price target provides a specific expectation for the stock's future value, but the downgrade suggests a more cautious outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100