Morgan Stanley Maintains Underweight on Embecta, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cecilia Furlong maintains an Underweight rating on Embecta (NASDAQ:EMBC) and has lowered the price target from $19 to $16.
August 24, 2023 | 1:32 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Embecta and lowered the price target from $19 to $16, which could negatively impact the stock's performance.
The lowered price target from Morgan Stanley indicates a bearish outlook for Embecta. This could lead to a decrease in the stock's price as investors adjust their expectations based on this new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100