UPDATE: Bank of America Downgrades Fortinet to Neutral in Preliminary Q1 Revenue/EPS

In a report published Thursday, Bank of America analyst Tal Liani downgraded the rating on Fortinet (NASDAQ: FTNT ) from Buy to Neutral, and lowered the price target from $27.00 to $22.00. In the report, Liani noted, “After market close, Fortinet announced preliminary Q1 revenue and EPS of $134-136mn and