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 31, 2023 | 1:31 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 that the firm believes Karooooo's stock will outperform the market in the near future. The maintained price target of $34 suggests that the firm believes the stock is currently undervalued, which could lead to an increase in the stock's price.
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