Morgan Stanley Maintains Overweight on Bridge Investment Group, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys maintains an Overweight rating on Bridge Investment Group (NYSE:BRDG) but lowers the price target from $13 to $12.
February 26, 2024 | 3:40 pm
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Morgan Stanley maintains an Overweight rating on Bridge Investment Group but lowers the price target from $13 to $12.
The adjustment in price target by a major analyst like Morgan Stanley can influence investor sentiment. However, maintaining an Overweight rating indicates a positive outlook on the stock, which might balance the impact of the lowered price target. The net effect could be neutral in the short term as investors digest both pieces of information.
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