Morgan Stanley Upgrades NICE to Overweight, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala has upgraded NICE (NASDAQ:NICE) from Equal-Weight to Overweight and lowered the price target from $225 to $220.

October 16, 2023 | 9:30 am
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NICE has been upgraded to Overweight from Equal-Weight by Morgan Stanley, although the price target has been lowered from $225 to $220.
The upgrade to Overweight indicates that Morgan Stanley believes NICE's stock will outperform the market or its sector in the short term. However, the lowering of the price target suggests a slightly less optimistic outlook on the stock's future price. This could lead to increased buying interest in the short term, but the reduced price target may temper some of this enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100