Morgan Stanley Maintains Equal-Weight on Stevanato Gr, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Drew Ranieri maintains an Equal-Weight rating on Stevanato Group (NYSE:STVN) but lowers the price target from $26 to $22.
July 15, 2024 | 4:59 pm
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Morgan Stanley has maintained its Equal-Weight rating on Stevanato Group but has lowered the price target from $26 to $22, indicating a more cautious outlook.
The lowered price target from $26 to $22 by Morgan Stanley suggests a more cautious outlook on Stevanato Group's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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