Scotiabank lowered the firm’s price target on Fortinet to $61 from $80 and keeps an Outperform rating on the shares. The firm believes the company’s top-line issues will prove to be transitory, but for now its checks remain mixed, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTNT:
- Fortinet Strengthens Its Top-Tier Unified SASE Solution with Acquisition of Enterprise Data Security Company Next DLP
- Options Volatility and Implied Earnings Moves Today, August 06, 2024
- Fortinet (NASDAQ:FTNT) Slips after Rosenblatt Cuts Price Target
- Fortinet announces updates to OT security platform
- Fortinet Enhances the Industry’s Most Comprehensive Operational Technology Security Platform to Protect Cyber-Physical Systems