Morgan Stanley Downgrades Snowflake to Equal-Weight, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss downgraded Snowflake (NYSE:SNOW) from Overweight to Equal-Weight and reduced the price target from $230 to $175.
February 29, 2024 | 10:57 am
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Snowflake's downgrade from Overweight to Equal-Weight by Morgan Stanley, with a price target cut from $230 to $175, could impact investor sentiment.
Analyst ratings and price target adjustments are significant indicators for investors, influencing stock perception and investment decisions. The downgrade and price target reduction by a reputable firm like Morgan Stanley could lead to negative sentiment among investors, potentially causing a short-term decline in Snowflake's stock price.
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