Morgan Stanley Maintains Equal-Weight on Playtika Holding, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has maintained an Equal-Weight rating on Playtika Holding (PLTK) but has lowered the price target from $10 to $7.5.
February 27, 2024 | 4:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Playtika Holding but lowered the price target from $10 to $7.5.
The reduction in price target by Morgan Stanley, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in PLTK's stock price. The Equal-Weight rating suggests that the stock is expected to perform in line with the market or sector, but the lowered price target indicates a revision of the stock's future valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100