Morgan Stanley Maintains Underweight on Lemonade, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips has maintained an Underweight rating on Lemonade (NYSE:LMND) and lowered the price target from $15 to $10.
October 11, 2023 | 2:09 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Lemonade and lowered the price target from $15 to $10.
The lowered price target by Morgan Stanley indicates a bearish outlook for Lemonade. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100