Morgan Stanley Maintains Overweight on Cerevel Therapeutics Hldg, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Harrison maintains an Overweight rating on Cerevel Therapeutics Hldg (NASDAQ:CERE) but lowers the price target from $46 to $42.
August 04, 2023 | 1:31 pm
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Morgan Stanley maintains an Overweight rating on Cerevel Therapeutics but lowers the price target from $46 to $42.
The news is directly about Cerevel Therapeutics. While the Overweight rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact is likely to be neutral as the rating remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100