Morgan Stanley Reiterates Overweight on Karooooo, Maintains $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Roy Campbell has reiterated an Overweight rating on Karooooo (NASDAQ:KARO) and maintained a $37 price target.
July 17, 2023 | 2:03 pm
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Morgan Stanley has reiterated an Overweight rating on Karooooo and maintained a $37 price target, indicating a positive outlook for the company.
The Overweight rating from Morgan Stanley indicates that they believe Karooooo's stock will outperform the average market return in the short term. The maintained price target of $37 suggests that they believe the stock is currently undervalued, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100