Morgan Stanley Maintains Overweight on Alphatec Holdings, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Drew Ranieri has maintained an Overweight rating on Alphatec Holdings (NASDAQ:ATEC) but reduced the price target from $23 to $17.
November 14, 2023 | 2:05 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained its Overweight rating on Alphatec Holdings but lowered the price target from $23 to $17, indicating a potential downside compared to the previous target.
The reduction in price target by a reputable analyst like Morgan Stanley suggests a reassessment of the company's future growth or profitability, which could lead to a negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100