Morgan Stanley Maintains Underweight on Embecta, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cecilia Furlong maintains an Underweight rating on Embecta (NASDAQ:EMBC) and lowers the price target from $13 to $12.
July 15, 2024 | 5:41 pm
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NEGATIVE IMPACT
Morgan Stanley analyst Cecilia Furlong maintains an Underweight rating on Embecta and lowers the price target from $13 to $12.
The lowered price target and maintained Underweight rating by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and the short-term stock price of Embecta.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100