Morgan Stanley Maintains Equal-Weight on Wolfspeed, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Wolfspeed (NYSE:WOLF) and lowered the price target from $54 to $44.
August 17, 2023 | 12:57 pm
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Morgan Stanley has maintained an Equal-Weight rating on Wolfspeed and lowered the price target from $54 to $44.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Wolfspeed in the short term as it indicates a lower valuation of the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100