Morgan Stanley Initiates Coverage On TAL Education with Overweight Rating, Announces Price Target of $10.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Eddy Wang has initiated coverage on TAL Education (NYSE:TAL) with an Overweight rating and a price target of $10.5.
November 07, 2023 | 9:41 am
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NEUTRAL IMPACT
Morgan Stanley's analyst Eddy Wang has initiated coverage on TAL Education, which could influence investor sentiment towards Morgan Stanley.
Morgan Stanley's actions and opinions can influence investor sentiment towards the company itself. However, as this is a routine part of their business, the impact on Morgan Stanley's stock is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Morgan Stanley has initiated coverage on TAL Education with an Overweight rating and a price target of $10.5, which could positively impact the stock.
Analyst ratings and price targets can significantly influence a stock's performance. An Overweight rating suggests that the analyst believes the stock will outperform its industry in the near term. The price target of $10.5 also indicates the analyst's confidence in the stock's potential upside. Therefore, this news is likely to have a positive impact on TAL Education's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100