Morgan Stanley Maintains Underweight on Veeva Sys, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Craig Hettenbach has maintained an Underweight rating on Veeva Systems (NYSE:VEEV) and reduced the price target from $181 to $160.
November 13, 2023 | 1:43 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Veeva Systems and lowered the price target, indicating a bearish outlook on the stock.
The reduction in price target by a major financial institution like Morgan Stanley suggests that the analyst sees less potential for price appreciation in Veeva Systems' stock. This could lead to negative investor sentiment in the short term and potentially result in a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100