Morgan Stanley Downgrades Gen Digital to Equal-Weight, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Gen Digital (NASDAQ:GEN) from Overweight to Equal-Weight and lowered its price target from $28 to $27.

June 07, 2024 | 9:13 am
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Morgan Stanley analyst Hamza Fodderwala downgraded Gen Digital from Overweight to Equal-Weight and reduced the price target from $28 to $27.
The downgrade from Overweight to Equal-Weight and the reduction in the price target from $28 to $27 by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and could lead to a short-term decline in Gen Digital's stock price.
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