Morgan Stanley Downgrades Box to Equal-Weight, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Box (NYSE:BOX) from Overweight to Equal-Weight and lowered its price target from $35 to $32.
May 22, 2024 | 9:26 am
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NEGATIVE IMPACT
Morgan Stanley has downgraded Box from Overweight to Equal-Weight and reduced the price target from $35 to $32, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley suggests a less favorable view on Box's future performance. The lowered price target further indicates reduced expectations for the stock's potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100