Morgan Stanley Maintains Equal-Weight on Interpublic Gr of Cos, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne has maintained an Equal-Weight rating on Interpublic Gr of Cos (NYSE:IPG) and lowered the price target from $35 to $33.
October 23, 2023 | 1:33 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Interpublic Gr of Cos and lowered the price target from $35 to $33.
The news is directly about Interpublic Gr of Cos (IPG). Morgan Stanley's decision to maintain an Equal-Weight rating indicates a neutral outlook for the stock. However, the lowering of the price target from $35 to $33 could potentially have a negative impact on the stock's price in the short term, as it suggests that the analyst sees less upside potential than before.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100