Morgan Stanley Downgrades CI&T to Equal-Weight, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cesar Medina downgraded CI&T (NYSE:CINT) from Overweight to Equal-Weight and reduced the price target from $6 to $5.5.
January 05, 2024 | 11:48 am
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Morgan Stanley downgraded CI&T from Overweight to Equal-Weight and lowered the price target from $6 to $5.5.
The downgrade by a major analyst like Morgan Stanley suggests a less optimistic outlook on CI&T's stock, which could lead to a negative sentiment among investors and a potential decrease in the stock price in the short term.
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