Time to sell the U.S. dollar? Morgan Stanley thinks so
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
0mins
Source: SeekingAlpha
Morgan Stanley's Recommendation: Analysts at Morgan Stanley suggest selling the U.S. dollar as bullish sentiment is already priced in, driven by expectations of stronger economic data and new tariffs from President-elect Trump.
Investment Strategy: The analysts warn that investors may be overestimating the impact of trade policy changes and recommend betting against the dollar by investing in the British pound and Australian dollar, which are less affected by trade tensions.
Analyst Views on UDN
Wall Street analysts forecast UDN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UDN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 18.255
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Current: 18.255
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
