PagSeguro Digital shares are trading higher after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $14 to $6.5.
Portfolio Pulse from Benzinga Newsdesk
PagSeguro Digital shares rose despite a downgrade by Morgan Stanley from Equal-Weight to Underweight, with a price target cut from $14 to $6.5.
September 05, 2024 | 12:06 pm
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PagSeguro Digital shares increased in value despite Morgan Stanley's downgrade from Equal-Weight to Underweight and a significant price target reduction from $14 to $6.5.
The downgrade and price target cut by Morgan Stanley are typically negative signals, yet the stock price rose, indicating other market factors or investor sentiment may be at play. This creates a neutral short-term outlook as the market reaction contradicts the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100