Morgan Stanley Upgrades Futu Hldgs to Equal-Weight, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Chaoyin Huang upgraded Futu Holdings (FUTU) from Underweight to Equal-Weight and increased the price target from $40 to $50.
January 04, 2024 | 2:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Morgan Stanley upgraded Futu Holdings' stock rating to Equal-Weight and raised the price target to $50, indicating a more favorable outlook.
Upgrades by prominent analysts like Morgan Stanley can lead to increased investor confidence and potential stock price appreciation in the short term. The raise in price target further suggests a positive view on the company's valuation, which may attract investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100