Keybanc Maintains Overweight on Palo Alto Networks, Lowers Price Target to $355
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 $380 to $355.

April 18, 2024 | 11:04 am
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NEUTRAL IMPACT
Keybanc maintains an Overweight rating on Palo Alto Networks but lowers the price target from $380 to $355.
While the reduction in price target could suggest a more cautious outlook on the stock's short-term price performance, the maintenance of an Overweight rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100