Morgan Stanley Maintains Equal-Weight on Shutterstock, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Schenk has maintained an Equal-Weight rating on Shutterstock (NYSE:SSTK) and lowered the price target from $83 to $55.
November 01, 2023 | 12:55 pm
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Shutterstock's price target has been lowered from $83 to $55 by Morgan Stanley, while maintaining an Equal-Weight rating.
The lowering of the price target by a significant margin indicates a less optimistic outlook for the company's stock in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100