Morgan Stanley Maintains Equal-Weight on Moderna, Lowers Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Harrison has maintained an Equal-Weight rating on Moderna (NASDAQ:MRNA) and lowered the price target from $153 to $128.
July 11, 2023 | 1:31 pm
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Morgan Stanley has maintained an Equal-Weight rating on Moderna and lowered the price target from $153 to $128.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in Moderna's stock price in the short term as it indicates a lower valuation for the company. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, which may not be enough to counteract the negative impact of the lowered price target.
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IMPORTANCE 80
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