Morgan Stanley Upgrades FREYR Battery to Overweight, Announces $13 Price Target
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Adam Jonas has upgraded FREYR Battery (NYSE:FREY) from Equal-Weight to Overweight and set a price target of $13.
June 29, 2023 | 9:39 am
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FREYR Battery has been upgraded to Overweight from Equal-Weight by Morgan Stanley, with a price target of $13.
The upgrade from Morgan Stanley is a positive signal for FREYR Battery. The new Overweight rating suggests that the analyst believes the company's stock will outperform the market in the near future. The $13 price target also indicates an expected increase in the stock's price. This could lead to a short-term positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100