Societe Generale Downgrades Morgan Stanley to Hold, Announces $80 Price Target
Portfolio Pulse from Benzinga Newsdesk
Societe Generale analyst Andrew Lim has downgraded Morgan Stanley (NYSE:MS) from Buy to Hold and set a price target of $80.
November 28, 2023 | 12:59 pm
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NEGATIVE IMPACT
Morgan Stanley was downgraded by Societe Generale from Buy to Hold with a new price target of $80.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target of $80 may also influence market expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100