Morgan Stanley Maintains Underweight on Qualys, Lowers Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala maintains an Underweight rating on Qualys (NASDAQ:QLYS) and lowers the price target from $136 to $123.
October 23, 2024 | 12:03 pm
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Morgan Stanley has maintained its Underweight rating on Qualys and reduced the price target from $136 to $123, indicating a bearish outlook.
The Underweight rating suggests that Morgan Stanley expects Qualys to underperform relative to other stocks. The lowered price target from $136 to $123 indicates a negative outlook on the stock's future performance, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100