Morgan Stanley Downgrades Rocket Lab USA to Equal-Weight, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Rocket Lab USA (NASDAQ:RKLB) from Overweight to Equal-Weight and lowered the price target from $8 to $6.
July 15, 2024 | 9:47 am
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Morgan Stanley analyst Kristine Liwag downgraded Rocket Lab USA from Overweight to Equal-Weight and reduced the price target from $8 to $6.
The downgrade from Overweight to Equal-Weight and the reduction in the price target from $8 to $6 by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and the stock price of Rocket Lab USA in the short term.
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