Morgan Stanley Reiterates Equal-Weight on Tricon Residential, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Kramer has reiterated an Equal-Weight rating on Tricon Residential (NYSE:TCN) and raised the price target from $8.5 to $9.

June 26, 2023 | 1:48 pm
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Morgan Stanley's Adam Kramer reiterated an Equal-Weight rating on Tricon Residential (NYSE:TCN) and increased the price target from $8.5 to $9.
The news of Morgan Stanley reiterating an Equal-Weight rating on Tricon Residential and raising the price target from $8.5 to $9 indicates that the analyst sees potential in the stock but does not expect significant short-term price movement. This is likely to have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100