Morgan Stanley Maintains Underweight on Expensify, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Underweight rating on Expensify (NASDAQ:EXFY) and lowered the price target from $5 to $2.
November 08, 2023 | 9:17 pm
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Morgan Stanley has maintained an Underweight rating on Expensify and lowered the price target from $5 to $2, which could negatively impact the stock's price.
The lowered price target from Morgan Stanley indicates a bearish outlook on Expensify. This could lead to a decrease in the stock's price as investors adjust their expectations based on this new target. The Underweight rating also suggests that the stock may underperform compared to other stocks in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100