Morgan Stanley Maintains Equal-Weight on Nerdwallet, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Nerdwallet (NASDAQ:NRDS) and lowered the price target from $11 to $10.
October 27, 2023 | 1:35 pm
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Morgan Stanley has maintained an Equal-Weight rating on Nerdwallet and lowered the price target from $11 to $10.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Nerdwallet in the short term. This is because the new price target suggests that the analyst believes the stock is currently overvalued.
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