BUZZ-Palo Alto Networks falls after BTIG cuts rating on slowing growth

** Cybersecurity company Palo Alto Networks' PANW.O shares fall 2.7% to $170 premarket

** Brokerage BTIG cuts PANW's rating to "neutral" from "buy"

** BTIG says it does not see the company growing more than 15% and thinks growth could fade into "the low double-digit range in coming years"

** "We think growth in the segment (Next Generation Security) will likely face a steeper deceleration than many expect over coming quarters and years" - brokerage

** Deutsche Bank also cut Palo Alto's rating to "hold" from "buy"

** Thirty-nine of 55 brokerages rate the stock "buy" or higher, 13 "hold" and 3 "sell" or lower; their median PT is $212.75 - LSEG data

** Stock had risen 23% in 2024

(Reporting by Zaheer Kachwala in Bengaluru)

((Zaheer.Kachwala@thomsonreuters.com))