Morgan Stanley Maintains Overweight on Schneider National, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Overweight rating on Schneider National (NYSE:SNDR) but lowered the price target from $38 to $36.
July 06, 2023 | 2:08 pm
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Morgan Stanley has maintained an Overweight rating on Schneider National but lowered the price target from $38 to $36.
While the Overweight rating suggests that Morgan Stanley expects Schneider National to outperform the market, the reduction in the price target could lead to some short-term uncertainty among investors. However, the impact on the stock price is likely to be neutral in the short term as the lowered price target is still above the current trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100