Morgan Stanley Maintains Overweight on Endava, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette maintains an Overweight rating on Endava (NYSE:DAVA) but lowers the price target from $105 to $95.

May 19, 2023 | 11:47 am
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on Endava (NYSE:DAVA) but lowers the price target from $105 to $95.
The news of Morgan Stanley maintaining an Overweight rating on Endava indicates a positive outlook for the company. However, the lowering of the price target from $105 to $95 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100