Morgan Stanley Maintains Equal-Weight on Global E Online, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $41 to $33.
November 16, 2023 | 12:50 pm
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Morgan Stanley has maintained an Equal-Weight rating on Global E Online but lowered the price target from $41 to $33, indicating a potential downside compared to the previous target.
The reduction in price target by a major analyst like Morgan Stanley suggests that they see less upside potential in GLBE's stock price, which could lead to a negative short-term reaction in the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100