Morgan Stanley Maintains Underweight on SEI Inv, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Rayna Kumar has maintained an Underweight rating on SEI Investments Company (SEIC) but increased the price target from $60 to $61.
December 01, 2023 | 2:29 pm
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Morgan Stanley has reaffirmed its Underweight rating on SEI Investments Company while slightly raising the price target from $60 to $61.
The increase in price target by Morgan Stanley may provide a slight positive sentiment, but the Underweight rating suggests that the analyst believes the stock may not perform as well as its peers in the near term. The impact is likely to be neutral to slightly positive as the market digests the mixed signals of a higher price target with an Underweight rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100