Why Palo Alto Networks Stock Dropped on Wednesday
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Palo Alto Networks (PANW) stock has faced a series of downgrades from investment bank analysts over the past three days. Guggenheim downgraded the stock to sell, followed by Deutsche Bank downgrading it to hold.
January 08, 2025 | 8:00 pm
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Palo Alto Networks has been downgraded by Guggenheim to sell and by Deutsche Bank to hold, leading to a drop in its stock price.
The downgrades from two major investment banks suggest a negative outlook on Palo Alto Networks' stock, likely causing investors to sell off shares, leading to a decrease in stock price.
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