JP Morgan Maintains Overweight on Morgan Stanley, Lowers Price Target to $91
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Kian Abouhossein maintains an Overweight rating on Morgan Stanley (NYSE:MS) but lowers the price target from $97 to $91.

July 07, 2023 | 1:50 pm
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NEGATIVE IMPACT
Morgan Stanley's price target has been lowered from $97 to $91 by JP Morgan, though the Overweight rating is maintained.
The lowering of the price target by JP Morgan could lead to a negative sentiment among investors, potentially causing a short-term decrease in Morgan Stanley's stock price. However, the maintained Overweight rating indicates that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100