Morgan Stanley Upgrades Simply Good Foods to Overweight, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Pamela Kaufman has upgraded Simply Good Foods (NASDAQ:SMPL) from Equal-Weight to Overweight and raised the price target from $37 to $40.
September 18, 2023 | 9:19 am
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Simply Good Foods has been upgraded to Overweight by Morgan Stanley with a raised price target of $40.
The upgrade from Morgan Stanley is a positive signal for Simply Good Foods. It indicates that the analyst believes the company's stock is expected to outperform the market or its sector in the short term. The raised price target also suggests that the analyst sees potential for the stock's price to increase. This could lead to a positive short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100