HSBC Downgrades Morgan Stanley to Hold, Announces $96 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Saul Martinez downgraded Morgan Stanley (NYSE:MS) from Buy to Hold and set a price target of $96.
January 09, 2024 | 10:32 am
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HSBC downgraded Morgan Stanley from Buy to Hold, potentially impacting investor sentiment and the stock's short-term performance.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $96 may also influence market expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100