Tue Sep 17 06:48:46 UTC 2024: ## Morgan Advanced Materials Price Target Cut by Deutsche Bank

**London, UK (September 17, 2024)** – Deutsche Bank Aktiengesellschaft has lowered its price target for Morgan Advanced Materials (LON:MGAM) from GBX 335 to GBX 320, according to a research note released Friday. The investment bank maintains a “hold” rating on the stock.

Morgan Advanced Materials, a materials science and application engineering company, opened at GBX 284 on Friday. The company has a market cap of £808.15 million and boasts a dividend yield of 1.71%.

The recent price target adjustment comes amidst a period of volatility in the stock market, with several companies experiencing fluctuations due to factors such as insider selling. For instance, Blend Labs (NYSE:BLND) saw a 5.4% drop in its stock price, while Roku (NASDAQ:ROKU) experienced a 2.5% decline following insider selling.

Morgan Advanced Materials, previously known as The Morgan Crucible Company plc, serves a diverse range of markets including industrial, transportation, energy, and healthcare.

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