Morgan Stanley Maintains Equal-Weight on Valvoline, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Valvoline (NYSE:VVV) but reduced the price target from $38 to $37.
November 10, 2023 | 2:25 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Valvoline but lowered the price target from $38 to $37, indicating a potential limited upside or downside.
The adjustment in price target by a prominent analyst like Morgan Stanley can influence investor sentiment, but since the rating remains unchanged and the price target is only slightly reduced, the short-term impact is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100