Morgan Stanley Maintains Equal-Weight Rating for AirSculpt Technologies: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating on AirSculpt Technologies (NASDAQ:AIRS) but reduced its price target from $8.00 to $6.00. Despite this, AIRS shares have risen 7.18% in the last 24 hours to $5.52. The new price target suggests a potential upside of 8.7%. AirSculpt Technologies specializes in body contouring procedures through its Elite Body Sculpture brand, focusing on minimally invasive fat removal for optimal patient results.
November 16, 2023 | 5:00 pm
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Morgan Stanley has maintained an Equal-Weight rating on AirSculpt Technologies but lowered the price target from $8.00 to $6.00, which still indicates a potential upside from the current price.
The reduction in price target by Morgan Stanley could be seen as a negative sentiment, but the fact that the new target is still above the current trading price and the stock has recently risen suggests that the market may be reacting positively in the short term. The Equal-Weight rating indicates that Morgan Stanley does not see the stock as underperforming or outperforming the broader market, which aligns with a neutral to slightly positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100