Morgan Stanley Maintains Overweight on Palo Alto Networks, Raises Price Target to $421
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Palo Alto Networks and increased the price target from $390 to $421, indicating a positive outlook for the company's stock.
October 11, 2024 | 12:37 pm
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Morgan Stanley has maintained its Overweight rating on Palo Alto Networks and increased the price target from $390 to $421, suggesting a positive outlook for the stock.
The increase in price target from $390 to $421 by Morgan Stanley, along with maintaining an Overweight rating, indicates a strong positive sentiment towards Palo Alto Networks. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100