Morgan Stanley Reiterates Equal-Weight on Phibro Animal Health, Maintains $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erin Wright has reiterated an Equal-Weight rating on Phibro Animal Health (NASDAQ:PAHC) and maintained a price target of $18.

July 27, 2023 | 4:52 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Phibro Animal Health and maintained a price target of $18.
The news is directly related to Phibro Animal Health. Morgan Stanley's reiteration of an Equal-Weight rating indicates that they believe the company's stock is fairly valued. The maintained price target of $18 also suggests that they do not expect significant price movement in the short term. Therefore, the impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100