Morgan Stanley Maintains Overweight on Pure Storage, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Overweight rating on Pure Storage (NYSE:PSTG) but reduced the price target from $42 to $40.
November 30, 2023 | 3:37 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained its Overweight rating on Pure Storage but lowered the price target from $42 to $40.
While the reduction in price target could suggest a slightly less bullish outlook, the maintenance of an Overweight rating indicates that Morgan Stanley still sees positive potential in Pure Storage's stock. The impact is likely neutral in the short term as the reduction is modest and the positive rating is reaffirmed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100