Morgan Stanley Maintains Overweight on Fortinet, Lowers Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala maintains an Overweight rating on Fortinet (NASDAQ:FTNT) but lowers the price target from $73 to $69.
July 17, 2024 | 4:47 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Morgan Stanley's analyst Hamza Fodderwala maintains an Overweight rating on Fortinet but lowers the price target from $73 to $69.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100