Wolfspeed shares are trading lower after Morgan Stanley maintained an Equal-Weight rating on the stock but lowered its price target from $44 to $42.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Wolfspeed's stock but lowered its price target from $44 to $42. This has led to a decrease in Wolfspeed's share price.
September 18, 2023 | 7:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley's lowered price target for Wolfspeed may negatively impact the company's stock price in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Morgan Stanley's decision to lower its price target for Wolfspeed suggests a less optimistic outlook for the company, which could lead to selling pressure and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100