Scotiabank Maintains Sector Outperform on Palo Alto Networks, Raises Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Patrick Colville has maintained a Sector Outperform rating on Palo Alto Networks and increased the price target from $385 to $400.
August 20, 2024 | 1:50 pm
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POSITIVE IMPACT
Scotiabank has increased its price target for Palo Alto Networks from $385 to $400, maintaining a Sector Outperform rating. This suggests confidence in the company's future performance.
The increase in price target from $385 to $400 by Scotiabank indicates a positive outlook on Palo Alto Networks' future performance. Maintaining a Sector Outperform rating suggests that the analyst expects the stock to perform better than its peers, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100