Morgan Stanley Maintains Underweight Rating for Lumen Technologies: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Underweight rating for Lumen Technologies (NYSE:LUMN) and lowered its price target from $2.50 to $1.80. Lumen Technologies' shares are currently trading down 7.28% at $1.47 per share. A move to $1.80 would represent a 22.87% increase from the current share price.
September 05, 2023 | 5:00 pm
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Morgan Stanley has maintained its Underweight rating for Lumen Technologies and lowered its price target. This could potentially lead to a negative impact on the company's stock in the short term.
Analyst ratings can significantly influence investor sentiment and stock prices. In this case, Morgan Stanley, a major financial institution, has maintained an Underweight rating for Lumen Technologies, indicating that they believe the stock may underperform. Additionally, they have lowered their price target for the stock, which could further dampen investor sentiment and potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100