Evercore ISI Group Maintains Outperform on Morgan Stanley, Lowers Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Glenn Schorr maintains an 'Outperform' rating on Morgan Stanley (NYSE:MS) but lowers the price target from $102 to $97.

October 19, 2023 | 5:49 pm
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Morgan Stanley's price target has been lowered from $102 to $97 by Evercore ISI Group, though the 'Outperform' rating is maintained.
The lowering of the price target by Evercore ISI Group could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100