Keybanc Maintains Overweight on Palo Alto Networks, Lowers Price Target to $380
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Michael Turits maintains an Overweight rating on Palo Alto Networks (NASDAQ:PANW) but lowers the price target from $390 to $380.
February 21, 2024 | 6:42 pm
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Keybanc analyst Michael Turits maintains an Overweight rating on Palo Alto Networks but lowers the price target from $390 to $380.
The adjustment in price target by Keybanc reflects a slight change in valuation perspective, possibly due to market conditions or company performance insights. However, maintaining an Overweight rating indicates a positive outlook on the company's future performance. The reduction in price target might cause short-term concern among investors, but the overall positive rating suggests confidence in the company's long-term growth potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100