Morgan Stanley Maintains Equal-Weight on Lufax Holding, Raises Price Target to $4.8
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Richard Xu has maintained an Equal-Weight rating on Lufax Holding (NYSE:LU) and increased the price target from $3 to $4.8.
January 02, 2024 | 1:16 pm
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Morgan Stanley has maintained an Equal-Weight rating on Lufax Holding and raised the price target to $4.8, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive reassessment of Lufax Holding's value, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100