Morgan Stanley now sees Moderna shares spiking 26% from current levels, cites 65% chance of success for virus vaccine
"We believe both Moderna's ability to scale coupled with the promising early results positions them well to compete in the market," Morgan Stanley analyst Matthew Harrison wrote. The bank maintained its"overweight" rating of Moderna.
There are four drivers of Morgan Stanley's $53 boost to its Moderna valuation, according to the Wednesday note.
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