Morgan Stanley Maintains Equal-Weight on Clarivate, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Toni Kaplan has maintained an Equal-Weight rating on Clarivate (NYSE:CLVT) and reduced the price target from $9 to $8.

February 28, 2024 | 5:46 pm
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Morgan Stanley has maintained an Equal-Weight rating on Clarivate but lowered the price target from $9 to $8.
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 Clarivate's stock price. The Equal-Weight rating suggests that the analyst sees the company as adequately valued at its current price, but the lowered target indicates a revision of the expected future performance.
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IMPORTANCE 80
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