UPDATE: Morgan Stanley Upgrades Fortinet on Improved Demand

In a report published Monday, Morgan Stanley analyst Keith Weiss upgraded Fortinet, Inc. (NASDQ: FTNT) to Overweight, with a $25.00 price target. According to the report, with FTNT's multiple of 16X CY14 FCF below the analyst's estimate of >20%+ FCF growth, an attractive risk / reward at current levels is