Morgan Stanley Maintains Equal-Weight on Charles Schwab, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Charles Schwab (NYSE:SCHW) but has lowered the price target from $70 to $68.
October 07, 2024 | 4:43 pm
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Morgan Stanley has maintained its Equal-Weight rating on Charles Schwab but reduced the price target from $70 to $68, indicating a slightly less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a slightly less optimistic view on Charles Schwab's stock performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100