Morgan Stanley Downgrades Veeva Sys to Underweight, Announces $181 Price Target
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Craig Hettenbach has downgraded Veeva Systems (VEEV) from Equal-Weight to Underweight and set a price target of $181.
June 28, 2023 | 10:30 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Veeva Systems has been downgraded by Morgan Stanley from Equal-Weight to Underweight with a price target of $181.
The downgrade from Morgan Stanley is a negative signal for Veeva Systems. The new rating of Underweight suggests that the analyst believes the stock will underperform compared to other stocks. The price target of $181 may also indicate a potential downside from the current price. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100