Mizuho analyst Gregg Moskowitz lowered the firm’s price target on Fortinet (FTNT) to $75 from $87 and keeps an Underperform rating on the shares. The company reported “decent” Q2 results but offered “concerning” firewall refresh data, the analyst tells investors in a research note.
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Read More on FTNT:
- Fortinet price target lowered to $95 from $125 at Truist
- Fortinet price target lowered to $85 from $95 at Stifel
- Fortinet’s Growth Prospects and Challenges: Analyst Maintains Hold Rating Amid Market Uncertainties
- Fortinet downgraded to Neutral from Buy at Rosenblatt
- Fortinet downgraded to Hold from Buy at TD Cowen