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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100