Morgan Stanley Maintains Underweight on Open Lending, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Underweight rating on Open Lending (NASDAQ:LPRO) and lowered the price target from $6 to $4.
November 08, 2023 | 9:29 pm
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Open Lending's price target has been lowered from $6 to $4 by Morgan Stanley, which maintains an Underweight rating on the stock.
The lowering of the price target by a major financial institution like Morgan Stanley indicates a bearish outlook for the stock. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100