Morgan Stanley Maintains Overweight on SI-BONE, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Drew Ranieri has maintained an Overweight rating on SI-BONE (NASDAQ:SIBN) but lowered the price target from $30 to $25.
November 07, 2023 | 2:03 pm
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Morgan Stanley has maintained an Overweight rating on SI-BONE but lowered the price target from $30 to $25.
The news is directly about SI-BONE and is likely to impact its stock price. While the Overweight rating suggests that Morgan Stanley expects the stock to outperform, the lowering of the price target may create some negative sentiment among investors, potentially putting some downward pressure on the stock price in the short term.
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