Morgan Stanley Downgrades Portillos to Equal-Weight, Announces $19 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has downgraded Portillos (NASDAQ:PTLO) from Overweight to Equal-Weight and set a price target of $19.
October 11, 2023 | 10:13 am
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Portillos has been downgraded by Morgan Stanley from Overweight to Equal-Weight with a new price target of $19.
The downgrade from Morgan Stanley could potentially lead to a decrease in the stock price of Portillos in the short term. The new price target of $19 also suggests that the analyst believes the stock is currently overvalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100