IonQ shares are trading lower after Morgan Stanley maintained an Equal-Weight rating on the stock but lowered its price target from $16 to $12.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on IonQ's stock but has lowered its price target from $16 to $12. This has resulted in IonQ's shares trading lower.
October 30, 2023 | 5:17 pm
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Morgan Stanley's lowered price target for IonQ from $16 to $12 has led to a decrease in the trading price of IonQ's shares.
Morgan Stanley's decision to lower its price target for IonQ's stock has likely led to a decrease in investor confidence, resulting in a lower trading price for IonQ's shares. This is a direct impact on the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100