Morgan Stanley Maintains Equal-Weight on Bicycle Therapeutics, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Jeffrey Hung has maintained an Equal-Weight rating on Bicycle Therapeutics (NASDAQ:BCYC) but lowered the price target from $42 to $40.
November 03, 2023 | 12:41 pm
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Morgan Stanley has maintained an Equal-Weight rating on Bicycle Therapeutics but lowered the price target from $42 to $40.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Bicycle Therapeutics in the short term. This is because the new price target suggests that the analyst believes the stock is currently overvalued.
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