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Benzinga

Business

Priya Nigam

UNBELIEVABLE: Why this analyst downgraded fortinet and commscope - The Untold Story

COMM Fortinet CommScope Nasdaq Fortinet Inc FTNT Tal Liani

While Fortinet Inc.’s (NASDAQ:FTNT) stock already prices in the company’s strong results, CommScope Holding Company Inc (NASDAQ:COMM) has limited catalysts to drive growth in the near term, according to BofA Securities.

The Networking and Security Analyst: Tal Liani downgraded the rating for Fortinet from Buy to Neutral, while reducing the price target from $385 to $355. In the same note, the BofA analyst also downgraded the rating for CommScope Holding from Neutral to Underperform, while lowering the price target from $12 to $8.

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