Morgan Stanley Maintains Equal-Weight on Arvinas, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Terence Flynn has maintained an Equal-Weight rating on Arvinas (NASDAQ:ARVN) but reduced the price target from $32 to $20.
November 13, 2023 | 2:16 pm
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Morgan Stanley has maintained an Equal-Weight rating on Arvinas but lowered the price target from $32 to $20, indicating a potential downside based on the analyst's view.
The reduction in price target by a prominent analyst like Morgan Stanley suggests that they see less upside potential or higher risks for Arvinas. This could lead to a negative investor sentiment in the short term and potentially lower stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100