Evercore ISI Group Maintains Outperform on Palo Alto Networks, Lowers Price Target to $385
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Peter Levine maintains an Outperform rating on Palo Alto Networks (PANW) but lowers the price target from $405 to $385.

May 14, 2024 | 12:58 pm
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NEUTRAL IMPACT
Evercore ISI Group's adjustment of the price target for Palo Alto Networks to $385 from $405, while maintaining an Outperform rating, suggests a positive outlook but with moderated expectations.
The maintenance of an Outperform rating indicates a continued positive outlook on Palo Alto Networks by Evercore ISI Group. However, the reduction in the price target may reflect a tempering of short-term expectations, possibly due to market conditions or company-specific factors not detailed in the news. This could lead to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100