Barclays Maintains Equal-Weight on Fortinet, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Saket Kalia maintains an Equal-Weight rating on Fortinet (NASDAQ:FTNT) and lowers the price target from $80 to $75.
May 03, 2024 | 2:22 pm
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NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on Fortinet and lowers the price target from $80 to $75.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Fortinet's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100