Morgan Stanley Maintains Underweight on Embecta, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cecilia Furlong maintains an Underweight rating on Embecta (NASDAQ:EMBC) and has lowered the price target from $29 to $19.
July 18, 2023 | 2:07 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Embecta and lowered the price target from $29 to $19.
The lowered price target by Morgan Stanley indicates a bearish outlook for Embecta. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100