Morgan Stanley Maintains Overweight on Box, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Josh Baer has maintained an Overweight rating on Box (NYSE:BOX) but lowered the price target from $37 to $35.
August 30, 2023 | 2:11 pm
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Box's price target has been lowered from $37 to $35 by Morgan Stanley, though the Overweight rating is maintained.
The news directly pertains to Box as Morgan Stanley has lowered its price target for the company. However, the Overweight rating is maintained, indicating that the analyst still expects the stock to outperform. This could have a neutral impact on the stock's price in the short term as the lowered price target might be offset by the maintained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100