Palo Alto Networks (PANW)
Palo Alto Networks (PANW) saw a broad wave of analyst updates, with several firms trimming price targets following recent weakness, though most maintained constructive ratings outlook:
Analyst Updates:
BMO Capital Markets lowered its target to $200 from $230 and maintained an Outperform rating.
BTIG Research reiterated its Buy rating with a $200 target.
Deutsche Bank lowered its target to $220 from $240 and maintained a Buy rating.
Goldman Sachs lowered its target to $224 from $240 and maintained a Buy rating.
Loop Capital lowered its target to $160 from $190 and maintained a Hold rating.
Morgan Stanley reiterated its Overweight rating and reduced its target to $223 from $245.
Mizuho set a $200 price target on the stock.
Needham lowered its target to $200 from $230 and maintained a Buy rating.
Rosenblatt Securities reiterated its Buy rating with a $225 target.
Sanford C. Bernstein set a $209 price target.
Scotiabank lowered its target to $180 from $228 and maintained a Sector Outperform rating.
Susquehanna lowered its target to $200 from $230 and maintained a Positive rating.
Wedbush reiterated its Outperform rating with a $225 target.
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