Morgan Stanley Maintains Equal-Weight on Sonos, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring has maintained an Equal-Weight rating on Sonos (NASDAQ:SONO) but reduced the price target from $19 to $17.
November 16, 2023 | 12:56 pm
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Morgan Stanley has maintained an Equal-Weight rating on Sonos but lowered the price target from $19 to $17, indicating a potential downside based on the analyst's valuation.
The reduction in price target by a major analyst like Morgan Stanley suggests a reassessment of Sonos'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