Morgan Stanley Maintains Underweight on SEI Inv, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Rayna Kumar maintains an Underweight rating on SEI Investments (NASDAQ:SEIC) and raises the price target from $58 to $60.

June 01, 2023 | 11:54 am
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Morgan Stanley maintains an Underweight rating on SEI Investments and raises the price target from $58 to $60.
The news of Morgan Stanley maintaining an Underweight rating on SEI Investments and raising the price target from $58 to $60 indicates that the analyst believes the stock is still overvalued, but less so than previously thought. This may not have a significant short-term impact on the stock price, as the rating remains unchanged. However, the increased price target may provide a slight positive sentiment for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100