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Fly News Breaks for January 23, 2018
FTNT
Jan 23, 2018 | 05:25 EDT
Deutsche Bank analyst Gray Powell downgraded Fortinet to Hold and lowered his price target for the shares to $46 from $48. The analyst's field discussions indicate the company's growth in Q4 was weaker than expected. He now has "increased concerns" on the direction of estimates for 2018. Powell notes the shares are near a 52-week high.
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