Morgan Stanley Initiates Coverage On Absci with Overweight Rating, Announces Price Target of $7
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on Absci (NASDAQ:ABSI) with an Overweight rating and a price target of $7, as announced by analyst Vikram Purohit.
July 03, 2024 | 9:24 am
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Morgan Stanley has initiated coverage on Absci with an Overweight rating and a price target of $7. This positive analyst rating could boost investor confidence and potentially drive the stock price up in the short term.
The initiation of coverage by a major financial institution like Morgan Stanley with an Overweight rating and a specific price target is a strong positive signal. It suggests that the analyst sees significant upside potential in the stock, which can attract more investors and drive the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100