Morgan Stanley Maintains Equal-Weight on Webtoon Entertainment, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Cost maintains an Equal-Weight rating on Webtoon Entertainment (NASDAQ:WBTN) but lowers the price target from $23 to $17.
August 16, 2024 | 11:36 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley analyst Matthew Cost maintains an Equal-Weight rating on Webtoon Entertainment but lowers the price target from $23 to $17.
The lowered price target from $23 to $17 by a major financial institution like Morgan Stanley suggests a less optimistic outlook for Webtoon Entertainment, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100