Morgan Stanley Maintains Equal-Weight on Spire, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Spire (NYSE:SR) and lowered the price target from $72 to $66.
October 25, 2023 | 12:55 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Spire and lowered the price target from $72 to $66, which could potentially impact the stock's performance.
The lowering of the price target by a major financial institution like Morgan Stanley indicates a potential decrease in the perceived value of Spire's stock. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100