Morgan Stanley Maintains Equal-Weight on Penumbra, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Kallum Titchmarsh maintains an Equal-Weight rating on Penumbra (NYSE:PEN) but lowers the price target from $235 to $210.
July 15, 2024 | 5:07 pm
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Morgan Stanley has maintained its Equal-Weight rating on Penumbra but has lowered the price target from $235 to $210, indicating a more cautious outlook.
The lowered price target from $235 to $210 by Morgan Stanley suggests a more cautious outlook on Penumbra'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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