Lemonade shares are trading after Morgan Stanley initiated coverage on the stock with an Underweight rating and announced a $14 price target.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley initiated coverage on Lemonade (LMND) with an Underweight rating and a $14 price target.
June 20, 2023 | 3:32 pm
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NEGATIVE IMPACT
Lemonade's stock may be negatively impacted by Morgan Stanley's Underweight rating and $14 price target.
Morgan Stanley's initiation of coverage with an Underweight rating and a $14 price target for Lemonade (LMND) indicates a bearish outlook for the stock. This could lead to downward pressure on the stock price in the short term as investors may adjust their positions based on this new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100