Morgan Stanley Maintains Overweight on Driven Brands Hldgs, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on Driven Brands Hldgs (NASDAQ:DRVN) but lowered the price target from $24 to $22.
November 02, 2023 | 4:17 pm
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Morgan Stanley has maintained an Overweight rating on Driven Brands Hldgs but lowered the price target from $24 to $22.
The news is directly about Driven Brands Hldgs (DRVN). While the Overweight rating is maintained, the lowering of the price target could indicate a slightly less optimistic outlook. However, the impact on the stock price is uncertain in the short term as it depends on how investors interpret this news.
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