BMO Capital Maintains Outperform on Morphic Holding, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Evan David Seigerman maintains an Outperform rating on Morphic Holding (NASDAQ:MORF) but has lowered the price target from $106 to $52.
September 28, 2023 | 12:29 pm
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BMO Capital maintains an Outperform rating on Morphic Holding but lowers the price target from $106 to $52.
The news is directly related to Morphic Holding. While the Outperform rating is maintained, the lowering of the price target could potentially impact investor sentiment and the stock's short-term performance. However, the overall impact is neutral as the Outperform rating suggests that the analyst still expects the stock to outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100