Morgan Stanley Maintains Equal-Weight on Nevro, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cecilia Furlong maintains an Equal-Weight rating on Nevro (NYSE:NVRO) but lowers the price target from $14 to $9.

July 15, 2024 | 5:08 pm
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Morgan Stanley has maintained its Equal-Weight rating on Nevro but has significantly lowered the price target from $14 to $9, indicating a cautious outlook.
The significant reduction in the price target from $14 to $9 by a major financial institution like Morgan Stanley suggests a negative outlook on Nevro's short-term performance. This is likely to put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100