Morgan Stanley Maintains Overweight on Regenxbio, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Vikram Purohit has maintained an Overweight rating on Regenxbio (NASDAQ:RGNX) but lowered the price target from $43 to $42.
August 29, 2023 | 1:12 pm
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Morgan Stanley has maintained an Overweight rating on Regenxbio but lowered the price target from $43 to $42.
The news is directly about Regenxbio and is likely to impact its stock. While the Overweight rating suggests that Morgan Stanley expects the stock to outperform, the lowering of the price target may create some negative sentiment. However, as the reduction is minor, the overall impact is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100