Morgan Stanley Maintains Equal-Weight on Aeva Technologies, Lowers Price Target to $0.88
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Aeva Technologies (NYSE:AEVA) and lowered the price target from $1.44 to $0.88.
October 30, 2023 | 2:09 pm
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NEGATIVE IMPACT
Aeva Technologies' price target has been lowered from $1.44 to $0.88 by Morgan Stanley, while maintaining an Equal-Weight rating.
The lowering of the price target by a major financial institution like Morgan Stanley could negatively impact investor sentiment towards Aeva Technologies, potentially leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100