Morgan Stanley Maintains Underweight on Uniti Group, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simon Flannery maintains an Underweight rating on Uniti Group (NASDAQ:UNIT) and lowers the price target from $7 to $6.
June 01, 2023 | 11:56 am
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NEGATIVE IMPACT
Morgan Stanley maintains an Underweight rating on Uniti Group and lowers the price target from $7 to $6.
Morgan Stanley's decision to maintain an Underweight rating on Uniti Group and lower the price target from $7 to $6 indicates a negative outlook for the stock. This could lead to a short-term decrease in the stock price as investors may perceive the lowered price target as a sign of reduced growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100