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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100