Morgan Stanley Maintains Overweight on TFI International, Lowers Price Target to $157
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Overweight rating on TFI International (NYSE:TFII) but lowered the price target from $160 to $157.
July 06, 2023 | 2:11 pm
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TFI International's price target has been lowered by Morgan Stanley from $160 to $157, though the Overweight rating is maintained.
The news is directly about TFI International. While the lowering of the price target might be seen as a negative, the maintenance of the Overweight rating indicates that Morgan Stanley still sees the stock as a good investment. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100