Invivyd shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $4 to $10.
Portfolio Pulse from Benzinga Newsdesk
Invivyd's stock (IVVD) experienced a price increase following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a revised price target from $4 to $10.
March 26, 2024 | 11:07 am
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Invivyd's stock price is likely to experience a short-term increase following the upgrade by Morgan Stanley from Equal-Weight to Overweight and a significant raise in the price target from $4 to $10.
Analyst upgrades, especially from reputable financial institutions like Morgan Stanley, can significantly influence investor sentiment and stock prices. The upgrade to Overweight suggests a strong bullish outlook on Invivyd, and the substantial increase in the price target from $4 to $10 indicates a positive reassessment of the company's value and growth prospects. This is likely to attract more investors to the stock, driving up its price in the short term.
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