Morgan Stanley Maintains Overweight on Karooooo, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Roy Campbell has maintained an Overweight rating on Karooooo (NASDAQ:KARO) but lowered the price target from $37 to $34.
July 24, 2023 | 1:24 pm
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Morgan Stanley has maintained an Overweight rating on Karooooo but lowered the price target from $37 to $34.
The news is directly related to Karooooo. While the Overweight rating suggests that Morgan Stanley expects the stock to outperform, the lowering of the price target might create some negative sentiment among investors, potentially putting some downward pressure on the stock in the short term.
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