Morgan Stanley Maintains Overweight on ACADIA Pharmaceuticals, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Jeffrey Hung maintains an Overweight rating on ACADIA Pharmaceuticals (ACAD) but lowers the price target from $40 to $30.

March 13, 2024 | 4:02 pm
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Morgan Stanley maintains an Overweight rating on ACADIA Pharmaceuticals but lowers the price target from $40 to $30.
While the reduction in price target from $40 to $30 by Morgan Stanley could suggest a tempered outlook for ACADIA Pharmaceuticals, the maintenance of an Overweight rating indicates continued confidence in the company's fundamentals. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100