Morgan Stanley Maintains Overweight on Equitrans Midstream, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on Equitrans Midstream (ETRN) but lowered the price target from $14 to $13.

October 31, 2023 | 12:35 pm
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Morgan Stanley has maintained an Overweight rating on ETRN but lowered the price target from $14 to $13.
The news is directly about ETRN and is important as it comes from a major financial institution, Morgan Stanley. The Overweight rating suggests that the analyst believes ETRN will outperform the market, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the analyst has reduced their expectations for the stock's performance. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100