Wedbush Lowers FTNT Price Target to $27

Wedbush has issued a report lowering the Price Target on Fortinet FTNT from $29 to $27 a share. According to the report, "We reiterate our OUTPERFORM rating on Fortinet given generally strong Q2 results, increased 2011 guidance, and leading position in UTM, despite near term European issues." FTNT has an Outperform Rating and closed at $26.78 a share yesterday.