UPDATE: Jefferies Upgrades Fortinet on Favorable Risk-Reward
July 10, 2013 at 09:25 AM EDT
In a report published Wednesday, Jefferies analyst Aaron Schwartz upgraded the rating on Fortinet (NASDAQ: FTNT ) from Hold to Buy, and raised the price target from $20.00 to $23.00. In the report, Jefferies noted, “We believe shares of Fortinet have a 5:1 risk-reward to the upside and as such,
