Morgan Stanley Maintains Underweight on Lumen Technologies, Lowers Price Target to $1.8
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simon Flannery has maintained an Underweight rating on Lumen Technologies (NYSE:LUMN) and lowered the price target from $2.5 to $1.8.
September 05, 2023 | 2:50 pm
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Morgan Stanley has maintained an Underweight rating on Lumen Technologies and lowered the price target from $2.5 to $1.8.
The lowered price target by Morgan Stanley indicates a bearish outlook for Lumen Technologies. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100