Suzlon Energy shares downgraded by Morgan Stanley, stock falls 2%

  • Posted on September 27, 2024
  • By Business News Today
  • 1 Views
Suzlon Energy shares downgraded by Morgan Stanley, stock falls 2%

Global brokerage Morgan Stanley has downgraded Suzlon Energy shares from "overweight" to "equal weight," resulting in a 2% drop in shares to a day's low of Rs 80.5. Despite the downgrade, Morgan Stanley increased its price target for Suzlon to Rs 88 per share, up from Rs 73, indicating a potential upside of 8% from Thursday's closing price of Rs 81.8.
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