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Nobody is yet downgrading Palo Alto Networds (NYSE:PANW) following last night's earnings (shares...

May 31, 2013 7:29 AM ETPalo Alto Networks, Inc. (PANW) StockPANWBy: Stephen Alpher, SA News Editor
Nobody is yet downgrading Palo Alto Networds (NYSE:PANW) following last night's earnings (shares off 15% premarket). It's a significant over-reaction, says Goldman (which has the stock on its Conviction Buy list). Macro took a bite, says Morgan Stanley, but the growth story remains compelling. They remain buyers with a $65 PT.

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