Morgan Stanley Maintains Underweight Rating for SEI Inv: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Underweight rating for SEI Inv (NASDAQ:SEIC) but raised its price target from $60.00 to $62.00. SEI Inv's shares are currently trading down 0.19% at $59.47 per share. A move to $62.00 would represent a 4.26% increase from the current share price.
July 05, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Morgan Stanley maintains its Underweight rating for SEI Inv but raises its price target. This could potentially lead to a short-term increase in SEIC's stock price.
Morgan Stanley's decision to maintain its Underweight rating indicates a bearish outlook for SEIC. However, the raised price target suggests that they see some potential for the stock's price to increase in the short term. This could lead to a mixed market reaction, with some investors potentially seeing this as a buying opportunity, while others may remain cautious due to the Underweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100