Oppenheimer Maintains Outperform on Morgan Stanley, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Morgan Stanley (NYSE:MS) but lowers the price target from $105 to $100.
September 26, 2023 | 2:43 pm
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Morgan Stanley's price target has been lowered from $105 to $100 by Oppenheimer, though the Outperform rating is maintained.
The news directly pertains to Morgan Stanley as its price target has been lowered by Oppenheimer. However, the Outperform rating is maintained which indicates that the analyst still expects the stock to do better than the market average. This could have a neutral impact on the stock as the lower price target might discourage some investors, but the maintained Outperform rating could also attract others.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100