Morgan Stanley Maintains Overweight on Palo Alto Networks, Raises Price Target to $390
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Palo Alto Networks and increased the price target from $360 to $390, indicating a positive outlook for the company's stock.
August 20, 2024 | 1:03 pm
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Morgan Stanley has raised its price target for Palo Alto Networks from $360 to $390 while maintaining an Overweight rating, suggesting confidence in the company's future performance.
The increase in price target from $360 to $390 by Morgan Stanley, along with the maintained Overweight rating, indicates a strong positive sentiment towards Palo Alto Networks. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100