Morgan Stanley Maintains Equal-Weight on Amkor Tech, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Amkor Tech (NASDAQ:AMKR) but lowers the price target from $35 to $26.
October 29, 2024 | 11:26 am
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Morgan Stanley has maintained its Equal-Weight rating on Amkor Tech but has lowered the price target from $35 to $26, indicating a less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a less optimistic view on Amkor Tech's future performance, which could negatively impact the stock price in the short term. The Equal-Weight rating indicates a neutral stance, but the significant reduction in the price target is likely to weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100