JPMorgan Downgrades Fortinet (FTNT) to Neutral, Price Target $35

December 2, 2010 8:12 AM EST Send to a Friend
Get Alerts FTNT Hot Sheet
Price: $17.75 -1.5%

Rating Summary:
    12 Buy, 14 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 19 | New: 22
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JPMorgan downgraded Fortinet (NASDAQ: FTNT) to a Neutral rating from its previous rating of Overweight. The firm raised its price target on the company to $35 from $30.50.

For more ratings news on Fortinet click here and for the rating history of Fortinet click here.

Shares of Fortinet closed at $32.20 yesterday, with a 52 week range of $14.72-$36.77.


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