Morgan Stanley Maintains Equal-Weight on Outfront Media, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne has maintained an Equal-Weight rating on Outfront Media (NYSE:OUT) but lowered the price target from $18 to $15.

August 07, 2023 | 3:44 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Outfront Media but lowered the price target from $18 to $15.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Outfront Media in the short term as it indicates a lower valuation of the company. However, the maintenance of the Equal-Weight rating suggests that the company's overall performance is still in line with the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100