Morgan Stanley Downgrades Stem to Equal-Weight, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has downgraded Stem (NYSE:STEM) from Overweight to Equal-Weight and lowered the price target from $12 to $8.
September 06, 2023 | 10:06 am
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NEGATIVE IMPACT
Stem's stock has been downgraded by Morgan Stanley from Overweight to Equal-Weight, with a lowered price target from $12 to $8.
The downgrade from Morgan Stanley is a significant event for Stem. The change from Overweight to Equal-Weight suggests that the analyst sees less potential for outperformance in the stock. The lowering of the price target from $12 to $8 indicates a reduced expectation for the stock's future price. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100