Morgan Stanley Maintains Overweight on Endeavor Gr Hldgs, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne has maintained an Overweight rating on Endeavor Gr Hldgs (NYSE:EDR) but lowered the price target from $32 to $30.

July 18, 2023 | 2:08 pm
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Endeavor Gr Hldgs' price target has been lowered from $32 to $30 by Morgan Stanley, though the Overweight rating is maintained.
The lowering of the price target by Morgan Stanley could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100