Morgan Stanley Maintains Overweight on Fortinet, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala has maintained an Overweight rating on Fortinet (NASDAQ:FTNT) but lowered the price target from $81 to $73.
May 03, 2024 | 4:59 pm
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Morgan Stanley maintains an Overweight rating on Fortinet but reduces the price target from $81 to $73.
The reduction in price target by Morgan Stanley, despite maintaining an Overweight rating, could lead to short-term negative sentiment among investors, potentially impacting Fortinet's stock price negatively in the short term.
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