NICE shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight but cut its price target from $225 to $220.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded NICE's stock from Equal-Weight to Overweight, but reduced its price target from $225 to $220. This has led to NICE shares trading higher.
October 16, 2023 | 3:52 pm
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POSITIVE IMPACT
NICE's stock has been upgraded by Morgan Stanley, leading to a rise in share prices. However, the price target has been reduced from $225 to $220.
The upgrade of NICE's stock by Morgan Stanley from Equal-Weight to Overweight indicates a positive outlook for the company, leading to a rise in share prices. However, the reduction in price target from $225 to $220 might limit the potential upside, hence the score of 1.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100