Keefe, Bruyette & Woods Downgrades Morgan Stanley to Market Perform, Lowers Price Target to $91
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst David Konrad downgraded Morgan Stanley (NYSE:MS) from Outperform to Market Perform and reduced the price target from $102 to $91.
January 17, 2024 | 12:23 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley was downgraded by Keefe, Bruyette & Woods from Outperform to Market Perform, with a price target decrease from $102 to $91.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a lower expected future performance, which may also negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100