KeyBanc Upgrades Palo Alto Networks to Overweight Ahead of Q1 Earnings
KeyBanc Capital Markets has upgraded Palo Alto Networks (PANW) to an 'Overweight' rating. This decision comes in anticipation of the cybersecurity company's fiscal first-quarter earnings report, which is scheduled for November 18. The upgrade triggered immediate positive market reaction, with PANW shares rising 4.4% in premarket trading. Analysts at KeyBanc signaled increased confidence in the firm's outlook as it approaches its upcoming financial disclosure.
Tickers: $PANW
Topics: Cybersecurity Equity Research Pre-earnings movement
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Part of the story KeyBanc Upgrades Palo Alto Networks to Overweight with $380 Price Target (2 articles)