Morgan Stanley Maintains Equal-Weight on Open Lending, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette maintains an Equal-Weight rating on Open Lending (NASDAQ:LPRO) but lowers the price target from $6 to $5.
August 09, 2024 | 11:24 am
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Morgan Stanley analyst James Faucette maintains an Equal-Weight rating on Open Lending (NASDAQ:LPRO) but lowers the price target from $6 to $5.
The lowered price target from $6 to $5 by a major financial institution like Morgan Stanley is likely to have a negative short-term impact on Open Lending's stock price. The Equal-Weight rating suggests a neutral stance, but the reduced price target indicates lowered expectations for the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100