Oppenheimer Maintains Outperform on Morgan Stanley, Lowers Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Morgan Stanley (NYSE:MS) but has lowered the price target from $100 to $98.
October 19, 2023 | 12:39 pm
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Morgan Stanley's price target has been lowered from $100 to $98 by Oppenheimer, though the Outperform rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors. However, the maintained Outperform rating indicates that the analyst still sees potential in the stock, which could balance out the initial negative impact.
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