Morgan Stanley Maintains Equal-Weight on State Street, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has maintained an Equal-Weight rating on State Street (NYSE:STT) and lowered the price target from $79 to $77.
November 02, 2023 | 7:11 pm
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Morgan Stanley has maintained an Equal-Weight rating on State Street and lowered the price target from $79 to $77.
The news is directly about State Street (STT). Morgan Stanley's decision to maintain an Equal-Weight rating indicates a neutral outlook for the stock. However, the lowering of the price target from $79 to $77 could potentially have a negative impact on the stock's price in the short term, as it suggests that the analyst sees less upside potential for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100