Morgan Stanley Maintains Overweight on Hess, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on Hess (NYSE:HES) but lowered the price target from $166 to $165.
October 17, 2023 | 2:19 pm
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Morgan Stanley has maintained an Overweight rating on Hess but lowered the price target from $166 to $165.
The news is directly about Hess and its rating by Morgan Stanley. The lowering of the price target might indicate a slightly less optimistic outlook, but the maintained Overweight rating suggests that the analyst still sees the stock as a good investment. This could have a neutral impact on the stock's price in the short term.
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