Morgan Stanley Downgrades Altus Power to Equal-Weight, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Altus Power (NYSE:AMPS) from Overweight to Equal-Weight and reduced its price target from $8 to $4.

August 21, 2024 | 9:22 am
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Morgan Stanley analyst Stephen Byrd downgraded Altus Power from Overweight to Equal-Weight and lowered the price target from $8 to $4, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley suggests a less favorable view on Altus Power's stock performance. The significant reduction in the price target from $8 to $4 indicates a potential decrease in investor confidence and could lead to a short-term decline in the stock price.
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IMPORTANCE 90
RELEVANCE 100