UBS Downgrades Morgan Stanley to Neutral, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken has downgraded Morgan Stanley from Buy to Neutral and lowered the price target from $110 to $84.
October 11, 2023 | 8:42 am
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Morgan Stanley has been downgraded from Buy to Neutral by UBS, with a lowered price target of $84.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for Morgan Stanley. The lowered price target from $110 to $84 suggests that UBS sees less upside potential in the stock, which could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100