Morgan Stanley Maintains Equal-Weight on Schrodinger, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Vikram Malhorta maintains an Equal-Weight rating on Schrodinger (NASDAQ:SDGR) but lowers the price target from $43 to $30.
August 21, 2024 | 3:28 pm
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Morgan Stanley has maintained its Equal-Weight rating on Schrodinger but has lowered the price target from $43 to $30, indicating a less optimistic outlook.
The reduction in price target from $43 to $30 by Morgan Stanley suggests a less favorable view on Schrodinger's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100