Morgan Stanley Reiterates Underweight on Globe Life, Maintains $131 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Nigel Dally has reiterated an 'Underweight' rating on Globe Life (NYSE:GL) and maintained a price target of $131.
August 04, 2023 | 11:28 am
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Morgan Stanley has reiterated an 'Underweight' rating on Globe Life, indicating a negative outlook for the stock.
The 'Underweight' rating from Morgan Stanley suggests that they believe Globe Life's stock will underperform compared to other stocks in the market. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100