Morgan Stanley Downgrades Alector: Here's What You Need To Know


Morgan Stanley downgraded its rating of Alector ALEC to Equal-Weight with a price target of $13.00, changing its price target from $27.00 to $13.00.

Shares of Alector are trading down 12.47% over the last 24 hours, at $9.62 per share.

A move to $13.00 would account for a 35.14% increase from the current share price.

About Alector

Alector Inc is a clinical stage biopharmaceutical company. It is engaged in developing a novel therapeutic approach for the treatment of neurodegeneration. The firm is involved in developing therapies which are designed to simultaneously counteract pathologies by restoring healthy immune function to the brain. Its pipeline product inlcude AL001, AL002, AL003, and AL101.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE