UBS lowered the firm’s price target on Fortinet (FTNT) to $80 from $90 and keeps a Neutral rating on the shares. Fortinet’s services revenues continued to slide in Q3, the analyst tells investors in a research note.
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Read More on FTNT:
- Fortinet price target lowered to $85 from $90 at Piper Sandler
- Fortinet price target lowered to $86 from $90 at Baird
- Fortinet price target lowered to $80 from $85 at Jefferies
- Fortinet price target lowered to $72 from $75 at Mizuho
- Fortinet’s Mixed Performance and Future Prospects Lead to Hold Rating