Oppenheimer Maintains Outperform on Morgan Stanley, Lowers Price Target to $105
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Morgan Stanley (NYSE:MS) but lowers the price target from $110 to $105.

August 18, 2023 | 12:23 pm
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NEUTRAL IMPACT
Morgan Stanley's price target has been lowered from $110 to $105 by Oppenheimer, though the Outperform rating is maintained.
The news directly pertains to Morgan Stanley as its price target has been lowered by Oppenheimer. However, the Outperform rating is maintained which indicates that the analyst still expects the stock to do better than the market. This could have a neutral impact on the stock as the lowered price target might cause some investors to sell, but the maintained Outperform rating could also attract new investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100