Morgan Stanley Reiterates Underweight on Prosperity Bancshares, Maintains $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has reiterated an 'Underweight' rating on Prosperity Bancshares (NYSE:PB) and maintained a $60 price target.
August 04, 2023 | 9:33 am
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Morgan Stanley has reiterated an 'Underweight' rating on Prosperity Bancshares, indicating a negative outlook for the stock.
The 'Underweight' rating from Morgan Stanley suggests that the firm believes Prosperity Bancshares' stock will underperform compared to other stocks in the market. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100