Morgan Stanley Maintains Overweight on Everest Group, Raises Price Target to $480
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has reaffirmed its Overweight rating on Everest Group (NYSE:EG) and increased the price target from $450 to $480.
November 15, 2023 | 2:27 pm
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POSITIVE IMPACT
Morgan Stanley has maintained its Overweight rating on Everest Group and raised the price target to $480, indicating a positive outlook on the stock.
The increase in price target by a reputable investment bank like Morgan Stanley typically suggests a strong conviction in the company's future performance and is often viewed positively by the market. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100