Redburn Atlantic Downgrades Palo Alto Networks to Neutral, Lowers Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Nina Marques has downgraded Palo Alto Networks (NASDAQ:PANW) from Buy to Neutral and lowered the price target from $350 to $325.
July 18, 2024 | 9:50 am
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Redburn Atlantic has downgraded Palo Alto Networks from Buy to Neutral and reduced the price target from $350 to $325, indicating a less optimistic outlook.
The downgrade from Buy to Neutral and the reduction in the price target suggest that the analyst sees less upside potential for PANW in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
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