Morgan Stanley Maintains Equal-Weight on StepStone Group, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys maintains an Equal-Weight rating on StepStone Group (NASDAQ:STEP) and lowers the price target from $28 to $26.
May 30, 2023 | 12:52 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on StepStone Group and lowers the price target from $28 to $26.
The news directly mentions StepStone Group (NASDAQ:STEP) and the lowered price target by Morgan Stanley. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, and the lowered price target may not have a significant short-term impact on the stock price. However, the lowered price target could influence investor sentiment, which is why the importance is set at 80.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100