Global-E Online shares are trading lower after Morgan Stanley maintained an Equal-Weight rating on the stock but lowered its price target from $45 to $41.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Global-E Online's stock but has lowered its price target from $45 to $41. This has resulted in Global-E Online's shares trading lower.
August 09, 2023 | 3:42 pm
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Global-E Online's stock is trading lower after Morgan Stanley maintained an Equal-Weight rating but lowered its price target from $45 to $41.
The lowering of the price target by Morgan Stanley, a major financial institution, indicates a less optimistic outlook for the company's stock. This can lead to a decrease in the stock's price as investors adjust their expectations.
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