Morgan Stanley Maintains Equal-Weight on Wayfair, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Wayfair (NYSE:W) but lowered the price target from $90 to $60.
November 02, 2023 | 7:20 pm
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Morgan Stanley has maintained an Equal-Weight rating on Wayfair but lowered the price target from $90 to $60, which could potentially impact the stock's performance.
The lowering of the price target by a major financial institution like Morgan Stanley can have a negative impact on the stock's performance. Investors may interpret this as a lack of confidence in the company's future performance, which could lead to selling pressure.
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