Morgan Stanley Maintains Equal-Weight on Kore Group Holdings, Lowers Price Target to $0.7
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Equal-Weight rating on Kore Group Holdings (NYSE:KORE) but reduced the price target from $1.5 to $0.7.
November 10, 2023 | 2:14 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained its Equal-Weight rating on Kore Group Holdings but has lowered the price target from $1.5 to $0.7, indicating a potential downside compared to the previous target.
The reduction in price target by Morgan Stanley suggests that the analyst sees less upside potential or greater risk in the stock, which could lead to negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100