Morgan Stanley Initiates Coverage On enGene Holdings with Overweight Rating, Announces Price Target of $40
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on enGene Holdings (NASDAQ:ENGN) with an Overweight rating and set a price target of $40. This move by a prominent analyst could influence investor sentiment and potentially impact ENGN's stock price in the short term.
March 08, 2024 | 2:21 pm
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Morgan Stanley's initiation of coverage on enGene Holdings with an Overweight rating and a $40 price target could positively influence ENGN's stock price in the short term.
Analyst ratings, especially from reputable firms like Morgan Stanley, can significantly influence investor sentiment and stock prices. The Overweight rating and ambitious price target suggest a strong bullish outlook for ENGN, likely leading to increased investor interest and potentially a rise in stock price in the short term.
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