Morgan Stanley Maintains Equal-Weight on Navitas Semiconductor, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $4.6 to $3.5.
August 06, 2024 | 4:25 pm
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Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Navitas Semiconductor but lowers the price target from $4.6 to $3.5.
The lowered price target from $4.6 to $3.5 by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and could lead to a short-term decline in NVTS stock price.
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