BMO Capital Maintains Market Perform on Fortinet, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains a Market Perform rating on Fortinet (NASDAQ:FTNT) and lowers the price target from $82 to $70.
May 03, 2024 | 3:39 pm
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BMO Capital maintains a Market Perform rating on Fortinet and lowers the price target from $82 to $70.
The reduction in price target by BMO Capital suggests a bearish outlook on Fortinet's stock in the short term, potentially leading to a decrease in stock price as market participants adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100