Wolfspeed shares are trading higher after Morgan Stanley maintained an Equal-Weight rating on the stock and raised its price target from $10 to $15.
Portfolio Pulse from Benzinga Newsdesk
Wolfspeed shares rose after Morgan Stanley maintained an Equal-Weight rating and increased its price target from $10 to $15.
October 16, 2024 | 5:52 pm
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POSITIVE IMPACT
Morgan Stanley's decision to maintain an Equal-Weight rating while raising the price target for Wolfspeed from $10 to $15 has positively impacted the stock price.
The increase in price target by a reputable financial institution like Morgan Stanley is a positive signal to investors, suggesting potential upside. This has likely contributed to the rise in Wolfspeed's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100