Morgan Stanley Maintains Underweight on Lemonade, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips maintains an Underweight rating on Lemonade (NYSE:LMND) and raises the price target from $11 to $12.
November 07, 2023 | 1:48 pm
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NEGATIVE IMPACT
Morgan Stanley maintains an Underweight rating on Lemonade and raises the price target from $11 to $12. This could potentially impact the stock negatively in the short term.
The Underweight rating maintained by Morgan Stanley indicates a negative outlook for Lemonade. Although the price target has been raised, it is still relatively low, suggesting that the analyst believes the stock is overvalued. This could lead to selling pressure and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100