Morgan Stanley Initiates Coverage on Embecta (NASDAQ:EMBC)

Equities research analysts at Morgan Stanley initiated coverage on shares of Embecta (NASDAQ:EMBCGet Rating) in a report released on Monday, reports. The firm set an “equal weight” rating and a $33.00 price target on the stock. Morgan Stanley’s target price would suggest a potential upside of 9.05% from the stock’s current price.

Separately, Bank of America initiated coverage on Embecta in a research report on Tuesday, June 21st. They set an “underperform” rating and a $25.00 target price on the stock.

Embecta Stock Performance

Shares of EMBC opened at $30.26 on Monday. The business’s 50 day moving average price is $26.76. Embecta has a 1 year low of $23.62 and a 1 year high of $49.00.

About Embecta

(Get Rating)

Embecta Corp., a medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes. Its products include pen needles, syringes, and safety devices, as well as digital applications to assist people with managing their diabetes. The company primarily sells its products to wholesalers and distributors in the United States and internationally.

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