Morgan Stanley Maintains Overweight on Kornit Digital, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring has maintained an Overweight rating on Kornit Digital (NASDAQ:KRNT) but lowered the price target from $29 to $24.
November 09, 2023 | 2:20 pm
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Morgan Stanley has maintained an Overweight rating on Kornit Digital but lowered the price target from $29 to $24.
The news is directly about Kornit Digital. The Overweight rating suggests that Morgan Stanley expects the stock to outperform the market, which is positive. However, the lowering of the price target from $29 to $24 indicates a reduced expectation of the stock's future price, which could be perceived negatively by the market. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100