Morgan Stanley Maintains Overweight on Toast, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Josh Baer has maintained an Overweight rating on Toast (NYSE:TOST) but lowered the price target from $30 to $28.

October 20, 2023 | 12:30 pm
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Morgan Stanley has maintained an Overweight rating on Toast but lowered the price target from $30 to $28.
While the Overweight rating suggests that Morgan Stanley expects Toast's stock to outperform the market, the lowering of the price target could indicate a reduced growth expectation. This might have a neutral impact on the stock as the positive and negative signals could offset each other.
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IMPORTANCE 80
RELEVANCE 100