Benzinga Breakdown: Analysts Give Palo Alto More Mixed Reviews Than 'Batman V Superman' - Barclays (NYSE:BCS), Deutsche Bank (NYSE:DB)

After Palo Alto Networks Inc PANW reported a strong quarter but gave what was considered weak-ish guidance, investors sent the stock down 10 percent pre-market Friday while analysts reacted with mixed feelings.

Deutsche Bank AG (USA) DB downgraded from Buy to Hold

Needham downgraded from Buy to Hold

Goldman Sachs Group Inc GS maintained a Buy

Barclay’s PLC (ADR) BCS maintained an Overweight rating and $184 price target

JPMorgan Chase & Co. JPM maintained an Overweight rating, but lowered its price target to $196 from $216

JPMorgan credited its price target change to softness in the overall software industry, not being directly related to Palo Alto. Furthermore, there has been a lot of commentary from the bullish analysts suggesting that the market is overreacting to the light guidance, and the stock could rebound.

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