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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100