Morgan Stanley Reiterates Equal-Weight on Galapagos, Maintains $42 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Quigley has reiterated an Equal-Weight rating on Galapagos (NASDAQ:GLPG) and maintained a $42 price target.

June 20, 2023 | 1:04 pm
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Morgan Stanley analyst James Quigley reiterated an Equal-Weight rating on Galapagos (NASDAQ:GLPG) and maintained a $42 price target.
The news of Morgan Stanley reiterating an Equal-Weight rating on Galapagos and maintaining a $42 price target is directly related to the company. However, as this is a reiteration of a previous rating, it is not expected to have a significant short-term impact on the stock price. The importance is moderate as it reflects the analyst's view on the stock, and the confidence in the analysis is high due to the source being a reputable financial institution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100