Morgan Stanley Maintains Equal-Weight on StepStone Group, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on StepStone Group (NASDAQ:STEP) but lowered the price target from $29 to $28.

November 22, 2023 | 1:42 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on StepStone Group but reduced the price target from $29 to $28, indicating a potential limited upside or that the stock is fairly valued.
The adjustment in price target by a major analyst like Morgan Stanley can influence investor sentiment, potentially leading to a modest impact on the stock price. However, since the rating was not downgraded and the price target was only slightly lowered, the impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100