Morgan Stanley Maintains Overweight on Hess, Raises Price Target to $158
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on Hess (NYSE:HES) and raised the price target from $154 to $158.
August 18, 2023 | 1:23 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on Hess and raised the price target, indicating a positive outlook for the company.
The Overweight rating maintained by Morgan Stanley indicates that they believe Hess will outperform the market. The increase in the price target from $154 to $158 suggests that they expect the stock price to rise. This is likely to have a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100