Morgan Stanley Downgrades Grupo Televisa to Equal-Weight, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cesar Medina downgraded Grupo Televisa (NYSE:TV) from Overweight to Equal-Weight and reduced the price target from $7 to $4. This adjustment reflects a more cautious stance on the company's stock by the analyst.
January 05, 2024 | 11:51 am
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Grupo Televisa was downgraded by Morgan Stanley from Overweight to Equal-Weight, with a price target cut from $7 to $4, indicating a bearish outlook on the stock.
The downgrade by a major financial institution like Morgan Stanley suggests a less optimistic view on Grupo Televisa's future performance. This could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100