Fortinet Downgraded by Scotiabank as Analysts Temper Long-Term Growth Expectations
Scotiabank has revised its rating on cybersecurity leader Fortinet (FTNT) from 'Sector Outperform' to 'Sector Perform', citing concerns that market optimism for 2026 may be premature. The firm maintains an $85 price target while acknowledging the company's core strengths.