Morgan Stanley Downgrades PagSeguro Digital to Underweight, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded PagSeguro Digital from Equal-Weight to Underweight and reduced its price target from $14 to $6.5.
September 05, 2024 | 11:11 am
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Morgan Stanley has downgraded PagSeguro Digital from Equal-Weight to Underweight and reduced its price target from $14 to $6.5.
The downgrade from Morgan Stanley, a reputable financial institution, is likely to negatively impact PagSeguro's stock price in the short term. The significant reduction in the price target from $14 to $6.5 indicates a bearish outlook, which could lead to selling pressure.
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