Morgan Stanley Downgrades Advanced Drainage Systems to Equal-Weight, Raises Price Target to $114
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Joshua Pokrzywinski has downgraded Advanced Drainage Systems (NYSE:WMS) from Overweight to Equal-Weight, while raising the price target from $107 to $114.
June 28, 2023 | 10:25 am
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Advanced Drainage Systems has been downgraded by Morgan Stanley from Overweight to Equal-Weight, but the price target has been raised from $107 to $114.
The downgrade from Overweight to Equal-Weight suggests that Morgan Stanley sees less upside potential in WMS. However, the raised price target indicates that they still see some growth potential. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100