Baird Upgrades Fortinet on New CFO Appointment and Revenue Catalysts

Baird analyst Jayson Noland upgraded Fortinet (NASDAQ: FTNT ) from Neutral to Outperform and raised the price target from $24.00 to $25.00. Shares of Fortinet gained as much as 3.09% to $19.00 following the note. Noland reported that the appointment of Andrew Del Matto as Chief Financial Officer is