Morgan Stanley Maintains Overweight on Cerevel Therapeutics Hldg, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Harrison maintains an Overweight rating on Cerevel Therapeutics Hldg (NASDAQ:CERE) but lowers the price target from $42 to $38.
November 02, 2023 | 4:11 pm
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Morgan Stanley maintains an Overweight rating on Cerevel Therapeutics but lowers the price target from $42 to $38.
The news is directly about Cerevel Therapeutics. The Overweight rating indicates that Morgan Stanley expects the stock to outperform the market, which is positive. However, the lowering of the price target from $42 to $38 might be perceived negatively by the market, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100