Morgan Stanley Maintains Equal-Weight on Penumbra, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Kallum Titchmarsh has maintained an Equal-Weight rating on Penumbra (NYSE:PEN) and lowered the price target from $265 to $240.
November 03, 2023 | 1:08 pm
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Morgan Stanley has maintained an Equal-Weight rating on Penumbra and lowered the price target from $265 to $240.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in Penumbra's stock price in the short term as it indicates a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100