Morgan Stanley Maintains Equal-Weight on Rent the Runway, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Schenk has maintained an Equal-Weight rating on Rent the Runway (NASDAQ:RENT) and lowered the price target from $3.5 to $1.
September 11, 2023 | 1:51 pm
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Morgan Stanley has maintained an Equal-Weight rating on Rent the Runway and lowered the price target from $3.5 to $1.
The lowering of the price target by Morgan Stanley from $3.5 to $1 indicates a bearish outlook for Rent the Runway. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100