Morgan Stanley Maintains Underweight on Traeger, Lowers Price Target to $2.8
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Megan Alexander has maintained an Underweight rating on Traeger (NYSE:COOK) and lowered the price target from $3 to $2.8.
November 09, 2023 | 2:47 pm
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Morgan Stanley has maintained an Underweight rating on Traeger and lowered the price target, which could negatively impact the stock's price.
The lowered price target by Morgan Stanley indicates a bearish outlook for Traeger. This could lead to a decrease in the stock's price as investors adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100