Morgan Stanley Maintains Equal-Weight on Pfizer, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Terence Flynn has maintained an Equal-Weight rating on Pfizer (NYSE:PFE) but lowered the price target from $39 to $37.
November 01, 2023 | 12:53 pm
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Pfizer's price target has been lowered from $39 to $37 by Morgan Stanley, while maintaining an Equal-Weight rating.
The lowering of the price target by a major financial institution like Morgan Stanley could potentially lead to a decrease in Pfizer's stock price in the short term. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the lowered price target may cause some investors to reassess their positions.
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