Morgan Stanley Maintains Underweight on Office Props IT, Lowers Price Target to $1.6
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ronald Kamdem has maintained an Underweight rating on Office Props IT (NASDAQ:OPI) and lowered the price target from $1.8 to $1.6.
March 28, 2024 | 2:03 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Office Props IT and lowered the price target from $1.8 to $1.6.
The reduction in price target by a major financial institution like Morgan Stanley, combined with the maintenance of an Underweight rating, suggests a negative outlook for Office Props IT's stock in the short term. This could lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100