Morgan Stanley Maintains Underweight on Lemonade, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips has maintained an 'Underweight' rating on Lemonade (NYSE:LMND) and raised the price target from $10 to $11.
November 02, 2023 | 5:17 pm
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Morgan Stanley has maintained an 'Underweight' rating on Lemonade and raised the price target from $10 to $11.
The 'Underweight' rating suggests that Morgan Stanley expects Lemonade's stock to underperform compared to other stocks. However, the increase in price target from $10 to $11 indicates a slightly more positive outlook than before. This could lead to a short-term negative impact on the stock price.
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IMPORTANCE 80
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