Morgan Stanley Upgrades Open Lending to Equal-Weight, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette upgraded Open Lending (NASDAQ:LPRO) from Underweight to Equal-Weight and increased the price target from $4 to $7.
February 06, 2024 | 10:30 am
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POSITIVE IMPACT
Open Lending was upgraded by Morgan Stanley from Underweight to Equal-Weight, with a price target increase from $4 to $7.
The upgrade from Underweight to Equal-Weight by a major financial institution like Morgan Stanley, accompanied by a significant increase in the price target, is a strong positive signal for Open Lending. This suggests improved confidence in the company's performance and prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100