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Fly News Breaks for June 24, 2015
FEYE, PFPT, PANW, FTNT
Jun 24, 2015 | 08:54 EDT
Citi downgraded Fortinet (FTNT) to Neutral citing a full valuation and limited upside catalysts. The firm cut its price target for shares to $41 from $44. Fortinet was also downgraded this morning at Baird. Citi believes Fortinet's market share is on less of an upward trajectory relative to peers Palo Alto (PANW) and Proofpoint (PFPT). The firm adds that it sees an unfavorable risk/reward for FireEye (FEYE).
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