Morgan Stanley Maintains Equal-Weight on Wolfspeed, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Wolfspeed (NYSE:WOLF) and lowered the price target from $42 to $34.
October 31, 2023 | 1:00 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Wolfspeed and lowered the price target from $42 to $34, which could potentially impact the stock's performance.
The lowering of the price target by Morgan Stanley from $42 to $34 indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Wolfspeed's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100