Morgan Stanley Reiterates Overweight on Portillos, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has reiterated an Overweight rating on Portillos (NASDAQ:PTLO) and raised the price target from $27 to $28.
July 17, 2023 | 2:31 pm
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Morgan Stanley has reiterated an Overweight rating on Portillos and raised the price target from $27 to $28. This could potentially lead to an increase in the stock's price.
Analyst ratings and price targets can significantly influence a stock's price. An Overweight rating suggests that the analyst believes the stock will outperform its industry in the near term. The increase in the price target from $27 to $28 indicates the analyst's increased confidence in the stock's potential performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100