Morgan Stanley Lowers Price Target For This Small Cap Stock For Second Time In Last 10 Days

  • 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.
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