Morgan Stanley Maintains Overweight on Western Midstream, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Robert Kad has maintained an Overweight rating on Western Midstream (NYSE:WES) but lowered the price target from $36 to $34.

August 29, 2023 | 1:20 pm
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Morgan Stanley has maintained an Overweight rating on Western Midstream but lowered the price target from $36 to $34.
The news is directly related to Western Midstream (WES). While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target might indicate a slightly less optimistic view on the company's short-term performance. This could potentially lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100