Morgan Stanley Downgrades ServiceNow to Equal-Weight, Raises Price Target to $960
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded ServiceNow from Overweight to Equal-Weight, while raising its price target from $900 to $960.
October 21, 2024 | 12:33 pm
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NEUTRAL IMPACT
Morgan Stanley has downgraded ServiceNow from Overweight to Equal-Weight, indicating a more neutral stance on the stock. However, the price target has been raised to $960, suggesting potential for price appreciation.
The downgrade to Equal-Weight suggests a neutral outlook, which could lead to a short-term stabilization or slight decline in stock price. However, the raised price target to $960 indicates potential for future appreciation, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100