Morgan Stanley Downgrades Global E Online to Equal-Weight, Maintains Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Global E Online (NASDAQ:GLBE) from Overweight to Equal-Weight, while maintaining the price target at $40.
October 18, 2024 | 11:38 am
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Morgan Stanley has downgraded Global E Online from Overweight to Equal-Weight, maintaining the price target at $40. This suggests a neutral stance on the stock's short-term performance.
The downgrade from Overweight to Equal-Weight by Morgan Stanley indicates a shift from a positive to a neutral outlook on Global E Online's stock. However, the maintained price target of $40 suggests that the analyst does not foresee significant downside risk, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100