Morgan Stanley Maintains Equal-Weight on Wolfspeed, Lowers Price Target to $23
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Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Wolfspeed (NYSE:WOLF) but lowers the price target from $26 to $23.
June 25, 2024 | 12:18 pm
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Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Wolfspeed but lowers the price target from $26 to $23.
The lowered price target from $26 to $23 by Morgan Stanley suggests a less optimistic outlook for Wolfspeed, which could negatively impact the stock price in the short term.
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IMPORTANCE 80
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