Morgan Stanley Reinstates Overweight on News, Maintains $27.5 Price Target
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Andrew McLeod has reinstated News (NASDAQ:NWSA) with an Overweight rating and maintained a $27.5 price target.

August 16, 2023 | 11:55 am
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POSITIVE IMPACT
Morgan Stanley has reinstated an Overweight rating on News (NASDAQ:NWSA) and maintained a $27.5 price target, which could positively impact the stock.
Analyst ratings often influence the market's perception of a stock. In this case, Morgan Stanley's reinstatement of an Overweight rating on NWSA, along with the maintenance of a $27.5 price target, indicates a positive outlook for the stock. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100