Morgan Stanley Maintains Underweight on Watsco, Raises Price Target to $323
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski maintains an Underweight rating on Watsco (NYSE:WSO) and raises the price target from $289 to $323.
July 12, 2023 | 1:50 pm
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Morgan Stanley maintains an Underweight rating on Watsco and raises the price target from $289 to $323.
The news directly pertains to Watsco (WSO) as Morgan Stanley maintains an Underweight rating on the company. The price target has been raised from $289 to $323, indicating a potential upside. However, the Underweight rating suggests that the analyst believes the stock may underperform the market, which could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100