Morgan Stanley Maintains Equal-Weight on Stem, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Stem, Inc. (NYSE:STEM) but reduced the price target from $7 to $4.
December 08, 2023 | 1:29 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Stem, Inc. but lowered the price target from $7 to $4, indicating a potential downside based on the analyst's expectations.
The reduction in price target by a major financial institution like Morgan Stanley suggests that they see less upside potential in Stem, Inc.'s stock, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100