Morgan Stanley Maintains Equal-Weight on Wolfspeed, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Wolfspeed (NYSE:WOLF) but lowers the price target from $23 to $15.

August 15, 2024 | 12:56 pm
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NEGATIVE IMPACT
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Wolfspeed but lowers the price target from $23 to $15.
The lowered price target from $23 to $15 by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and could lead to a short-term decline in Wolfspeed's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100