- Morgan Stanley analyst Matthew Sharpe downgraded PAE Inc PAE to Equal Weight from Overweight, and a price target of $8 (implying an upside of 26%), down from $11.
- Sharpe mentions that the recent developments in Afghanistan are likely to negatively impact the company's revenue and margins, and potential risk from Iraq exposure is a key debate.
- Most recently, Morgan Stanley had lowered the price target to $11 from $11.5, with an Overweight rating maintained.
- Price Action: PAE shares are trading lower by 12.10% at $6.55 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Analyst ColorNewsDowngradesPrice TargetSmall CapAnalyst RatingsBriefsConsumer DiscretionaryMovies & Entertainment
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
