Morgan Stanley Maintains Underweight on Watsco, Raises Price Target to $337
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski maintains an Underweight rating on Watsco (NYSE:WSO) and raises the price target from $326 to $337.
September 22, 2023 | 12:20 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Underweight rating on Watsco and raises the price target from $326 to $337.
The news is directly related to Watsco (WSO). Morgan Stanley's decision to maintain an Underweight rating indicates a bearish outlook, but the raised price target suggests some potential upside. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100