Bluebird Bio shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight and raised its price target from $3 to $7.
Portfolio Pulse from Benzinga Newsdesk
Bluebird Bio's stock (BLUE) is trading higher following an upgrade by Morgan Stanley from Underweight to Equal-Weight and an increase in the price target from $3 to $7.

December 08, 2023 | 4:50 pm
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POSITIVE IMPACT
Bluebird Bio's stock is experiencing a positive impact after Morgan Stanley upgraded the stock and raised the price target, indicating improved confidence in the company's prospects.
Analyst upgrades and revised price targets are strong indicators that can influence investor sentiment and stock prices in the short term. Morgan Stanley's upgrade from Underweight to Equal-Weight suggests a neutral outlook, but the doubling of the price target from $3 to $7 reflects a significant positive revision of the company's valuation, which is likely to be viewed favorably by investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100