Morgan Stanley Downgrades SeaWorld Entertainment to Equal-Weight, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Thomas Yeh has downgraded SeaWorld Entertainment (SEAS) from Overweight to Equal-Weight and reduced the price target from $60 to $57.
December 14, 2023 | 10:34 am
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NEGATIVE IMPACT
SeaWorld Entertainment's stock rating was downgraded by Morgan Stanley from Overweight to Equal-Weight, with a price target decrease from $60 to $57.
The downgrade by a major analyst like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term decline in SEAS's stock price. The reduction in the price target further supports the expectation of a lower valuation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100