Morgan Stanley Downgrades Sonos to Underweight, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Sonos from Overweight to Underweight and reduced its price target from $25 to $11.
September 26, 2024 | 12:46 pm
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Morgan Stanley has downgraded Sonos from Overweight to Underweight, significantly lowering the price target from $25 to $11.
The downgrade from Overweight to Underweight by a major financial institution like Morgan Stanley is likely to negatively impact Sonos' stock price in the short term. The significant reduction in the price target from $25 to $11 suggests a bearish outlook on the company's future performance.
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IMPORTANCE 90
RELEVANCE 100