Morgan Stanley Maintains Overweight on Alphabet, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has maintained an Overweight rating on Alphabet (NASDAQ:GOOGL) but lowered the price target from $155 to $150.
October 25, 2023 | 11:59 am
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Alphabet's price target has been lowered from $155 to $150 by Morgan Stanley, though the Overweight rating is maintained.
The lowering of the price target by Morgan Stanley could potentially create a negative sentiment among investors. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could balance out the potential negative impact.
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