Morgan Stanley Maintains Underweight on Embecta, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cecilia Furlong has maintained an Underweight rating on Embecta (NASDAQ:EMBC) but increased the price target from $15 to $16.
November 22, 2023 | 1:34 pm
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Morgan Stanley maintains an Underweight rating on Embecta but raises the price target from $15 to $16.
While the increase in price target from $15 to $16 by Morgan Stanley could be seen as a positive signal, the Underweight rating suggests that the analyst believes the stock will underperform the sector or the overall market. This mixed message may lead to a neutral short-term impact on the stock price as the market digests both the positive and negative aspects of the analyst's outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100