Morgan Stanley Maintains Underweight on Li-Cycle Holdings, Lowers Price Target to $0.51
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Li-Cycle Holdings (LICY) and significantly lowered the price target from $4 to $0.51.
November 16, 2023 | 12:52 pm
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Morgan Stanley analyst Adam Jonas has reiterated an Underweight rating on Li-Cycle Holdings and reduced the price target from $4 to $0.51, indicating a bearish outlook on the stock.
The substantial reduction in the price target by a major financial institution like Morgan Stanley suggests a negative outlook on the company's stock, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100