Wells Fargo Downgrades Morgan Stanley to Underweight, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded Morgan Stanley from Equal-Weight to Underweight and lowered its price target from $99 to $95.
August 02, 2024 | 6:00 pm
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NEGATIVE IMPACT
Wells Fargo has downgraded Morgan Stanley from Equal-Weight to Underweight and lowered its price target from $99 to $95.
The downgrade from Equal-Weight to Underweight and the reduction in the price target from $99 to $95 by Wells Fargo is likely to negatively impact Morgan Stanley's stock price in the short term. Downgrades typically signal a lack of confidence in the stock's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100