Morgan Stanley Reiterates Overweight on Karooooo, Maintains $34 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Roy Campbell has reiterated an Overweight rating on Karooooo (NASDAQ:KARO) and maintained a $34 price target.
July 25, 2023 | 12:35 pm
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Morgan Stanley has reiterated an Overweight rating on Karooooo and maintained a $34 price target, indicating a positive outlook for the company.
The Overweight rating from Morgan Stanley indicates a positive outlook for Karooooo. The maintained price target of $34 suggests that the analyst believes the stock is undervalued at current levels, which could lead to upward price movement in the short term.
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IMPORTANCE 80
RELEVANCE 100