Morgan Stanley Maintains Equal-Weight on Planet Labs, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Sharpe maintains an Equal-Weight rating on Planet Labs (NYSE:PL) and lowers the price target from $6 to $5.5.

June 12, 2023 | 2:08 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on Planet Labs and lowers the price target from $6 to $5.5.
Morgan Stanley's decision to maintain an Equal-Weight rating on Planet Labs indicates a neutral outlook for the stock. However, the lowered price target from $6 to $5.5 may cause some investors to reevaluate their positions, but the overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100