Morgan Stanley Maintains Overweight on Model N, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Craig Hettenbach has maintained an Overweight rating on Model N (NYSE:MODN) but has reduced the price target from $40 to $37.

November 15, 2023 | 2:36 pm
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Morgan Stanley has maintained an Overweight rating on Model N but lowered the price target from $40 to $37, indicating a positive outlook but with reduced expectations.
While the Overweight rating suggests that Morgan Stanley still sees Model N as a good investment, the reduction in the price target could imply a tempered growth forecast or a response to market conditions. This news is likely to be viewed neutrally by investors as the positive rating is maintained but expectations are slightly lowered.
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IMPORTANCE 75
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