Morgan Stanley Maintains Equal-Weight Rating for National Vision Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating on National Vision Holdings (NASDAQ:EYE) but lowered its price target from $20.00 to $19.00. National Vision Holdings' shares are currently trading at $18.43, and the new price target suggests a potential upside of 3.09%. National Vision Holdings is a U.S. optical retailer with a product portfolio that includes eyeglasses, sunglasses, contact lenses, and accessories.
November 13, 2023 | 5:00 pm
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Morgan Stanley has reaffirmed its Equal-Weight rating on National Vision Holdings and reduced the price target to $19, indicating a slight potential upside from the current trading price of $18.43.
The maintenance of an Equal-Weight rating by Morgan Stanley suggests a neutral outlook on the stock, while the decrease in price target could be seen as a slight negative. However, the new target still represents a potential increase in share price, which could be viewed positively by investors. The impact on the stock price is likely to be minimal in the short term, as the adjustment in the price target is modest and the rating remains unchanged.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100