Morgan Stanley Maintains Equal-Weight on Leslies, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Leslies (NASDAQ:LESL) but reduced the price target from $8 to $5.
December 04, 2023 | 3:58 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Leslies but lowered the price target from $8 to $5, indicating a potential downside based on the analyst's view.
The reduction in price target by a major analyst like Morgan Stanley suggests that they see less growth potential or higher risk in Leslies' stock. This could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100