Morgan Stanley Maintains Equal-Weight on Nasdaq, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Nasdaq (NASDAQ:NDAQ) but lowered the price target from $60 to $55.
July 13, 2023 | 1:52 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Nasdaq but lowered the price target from $60 to $55, which could potentially impact the stock's performance.
The lowering of the price target by Morgan Stanley, a major financial institution, could lead to a negative sentiment among investors, potentially causing a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100