Morgan Stanley Downgrades Adecoagro to Equal-Weight, Lowers Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Adecoagro (NYSE:AGRO) from Overweight to Equal-Weight and reduced its price target from $14.5 to $12.5.
September 17, 2024 | 11:35 am
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Morgan Stanley analyst Javier Martinez has downgraded Adecoagro from Overweight to Equal-Weight, reducing the price target from $14.5 to $12.5.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley typically indicates a less optimistic view on the stock's performance. The reduction in the price target from $14.5 to $12.5 suggests a lower expected valuation, which could lead to a negative short-term impact on the stock price.
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