Morgan Stanley Downgrades Bandwidth to Underweight, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Bandwidth (NASDAQ:BAND) from Equal-Weight to Underweight and lowered the price target from $18 to $15.
June 14, 2024 | 12:52 pm
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Morgan Stanley has downgraded Bandwidth from Equal-Weight to Underweight and reduced the price target from $18 to $15.
The downgrade from a major financial institution like Morgan Stanley and the reduction in the price target are likely to negatively impact investor sentiment and the stock price of Bandwidth in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100