Gen Digital shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.
Portfolio Pulse from Benzinga Newsdesk
Gen Digital's stock is experiencing an uptick following an upgrade from Morgan Stanley, which changed its rating from Equal-Weight to Overweight.
November 21, 2023 | 3:01 pm
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POSITIVE IMPACT
Gen Digital's stock price is likely to see a positive short-term impact due to Morgan Stanley's upgrade from Equal-Weight to Overweight.
Analyst upgrades typically lead to a positive short-term reaction in a stock's price as they suggest a better-than-previously-expected future performance. Morgan Stanley's upgrade to Overweight implies a bullish view on Gen Digital, which can attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100