Morgan Stanley Reiterates Equal-Weight on Gates Industrial Corp, Maintains $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski has reiterated an Equal-Weight rating on Gates Industrial Corp (NYSE:GTES) and maintained a $15 price target.
July 12, 2023 | 1:20 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Gates Industrial Corp and maintained a $15 price target.
The reiteration of the Equal-Weight rating and the maintenance of the $15 price target by Morgan Stanley indicates that the analyst sees the stock as fairly valued at current levels. This could potentially limit any significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100