Morgan Stanley Maintains Equal-Weight on Outfront Media, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne has maintained an Equal-Weight rating on Outfront Media (NYSE:OUT) but lowered the price target from $15 to $12.
October 09, 2023 | 1:02 pm
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NEGATIVE IMPACT
Outfront Media's price target has been lowered from $15 to $12 by Morgan Stanley, though the Equal-Weight rating is maintained.
The lowering of the price target by a major financial institution like Morgan Stanley could negatively impact investor sentiment towards Outfront Media, potentially leading to a decrease in its stock price in the short term. However, the maintenance of the Equal-Weight rating indicates that the company is still seen as a stable investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100