Morgan Stanley Downgrades Global E Online to Equal-Weight, Raises Price Target to $45
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst James Faucette has downgraded Global E Online (NASDAQ:GLBE) from Overweight to Equal-Weight, while raising the price target from $38 to $45.
July 19, 2023 | 9:05 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Global E Online has been downgraded by Morgan Stanley from Overweight to Equal-Weight, but the price target has been raised from $38 to $45.
The downgrade from Overweight to Equal-Weight suggests that Morgan Stanley sees less upside potential for the stock, which could negatively impact the stock price. However, the increase in the price target from $38 to $45 indicates that the analyst still sees some potential for price appreciation, which could have a positive effect. The net effect is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100