Morgan Stanley Downgrades Cboe Global Markets to Equal-Weight, Lowers Price Target to $199
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys downgraded Cboe Global Markets (CBOE) from Overweight to Equal-Weight and reduced the price target from $211 to $199.
April 09, 2024 | 12:05 pm
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NEGATIVE IMPACT
Morgan Stanley downgraded Cboe Global Markets to Equal-Weight and lowered the price target to $199.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they reflect a less optimistic view on the company's future performance. The reduction in the price target further emphasizes the analyst's lowered expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100