Morgan Stanley Maintains Equal-Weight on Wolfspeed, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Wolfspeed (NYSE:WOLF) and raises the price target from $10 to $15.
October 16, 2024 | 12:09 pm
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Morgan Stanley has maintained its Equal-Weight rating on Wolfspeed and increased the price target from $10 to $15, indicating a more optimistic outlook.
The increase in price target from $10 to $15 by Morgan Stanley suggests a more positive outlook on Wolfspeed's future performance. This could lead to a short-term positive impact on the stock price as investors may view the raised target as a sign of potential growth.
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