Morgan Stanley Maintains Equal-Weight on Unity Software, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Cost has maintained an Equal-Weight rating on Unity Software (NYSE:U) but has reduced the price target from $40 to $22.
November 10, 2023 | 2:23 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Unity Software but lowered the price target from $40 to $22, indicating a potential downside based on the analyst's view.
The reduction in price target by a major analyst like Morgan Stanley suggests that they see less upside potential in Unity Software's stock, which could lead to a negative short-term reaction in the market as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100