Morgan Stanley Maintains Overweight on ProFrac Holding, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has maintained an Overweight rating on ProFrac Holding (NASDAQ:ACDC) but lowered the price target from $20 to $18.
July 17, 2023 | 2:34 pm
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Morgan Stanley has maintained an Overweight rating on ProFrac Holding but lowered the price target from $20 to $18.
The news is directly related to ProFrac Holding and is likely to influence investor sentiment. While the Overweight rating is maintained, the lowering of the price target might indicate a potential downside, which could impact the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100