Morgan Stanley Downgrades BrightSphere Investment to Underweight, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has downgraded BrightSphere Investment (NYSE:BSIG) from Equal-Weight to Underweight, while raising the price target from $23 to $26.
October 18, 2024 | 11:42 am
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NEGATIVE IMPACT
Morgan Stanley has downgraded BrightSphere Investment to Underweight, indicating a less favorable view on the stock, despite raising the price target to $26.
The downgrade to Underweight suggests a negative outlook on BSIG's performance, which could lead to a short-term decline in stock price. However, the raised price target to $26 indicates some positive expectations, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100