Morgan Stanley Maintains Underweight on Watsco, Raises Price Target to $326
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski maintains an Underweight rating on Watsco (NYSE:WSO) and raises the price target from $323 to $326.
August 04, 2023 | 11:34 am
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Morgan Stanley maintains an Underweight rating on Watsco and raises the price target to $326.
The news is directly about Watsco and its rating by Morgan Stanley. The raised price target indicates a slightly positive outlook, but the Underweight rating suggests that the analyst believes the stock is overvalued or there are better opportunities in the market. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100