Morgan Stanley Maintains Equal-Weight Rating for 2U: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for 2U (NASDAQ:TWOU) but lowered its price target from $4.50 to $3.00. Shares of 2U are currently trading down 3.76% at $2.05 per share. A move to $3.00 would represent a 46.34% increase from the current share price.
October 23, 2023 | 5:00 pm
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Morgan Stanley has maintained its Equal-Weight rating for 2U but lowered its price target. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by a major financial institution like Morgan Stanley can lead to a decrease in investor confidence, potentially causing a short-term decrease in the stock price. However, the maintenance of the Equal-Weight rating indicates that the company's fundamentals remain solid.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100