Morgan Stanley Maintains Equal-Weight on Klaviyo, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter has maintained an Equal-Weight rating on Klaviyo (NYSE:KVYO) but lowered the price target from $38 to $37.
February 28, 2024 | 5:55 pm
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Morgan Stanley maintains an Equal-Weight rating on Klaviyo but lowers the price target from $38 to $37.
The reduction in price target by Morgan Stanley, despite maintaining the Equal-Weight rating, could signal a cautious outlook on Klaviyo's short-term price performance. This adjustment might lead investors to reassess their expectations for KVYO, potentially putting downward pressure on its stock price in the short term.
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