Wells Fargo Maintains Equal-Weight on Fortinet, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski maintains an Equal-Weight rating on Fortinet (NASDAQ:FTNT) and lowers the price target from $70 to $62.
May 03, 2024 | 6:25 pm
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Wells Fargo maintains an Equal-Weight rating on Fortinet and lowers the price target from $70 to $62.
The reduction in price target by Wells Fargo suggests a bearish outlook on Fortinet's stock in the short term, potentially leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100