Morgan Stanley Maintains Equal-Weight on Primerica, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Bob Huang has maintained an Equal-Weight rating on Primerica (NYSE:PRI) and increased the price target from $190 to $200.
November 15, 2023 | 2:43 pm
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POSITIVE IMPACT
Primerica's stock may see a positive impact in the short term due to Morgan Stanley's raised price target from $190 to $200, while maintaining an Equal-Weight rating.
Price target increases by analysts often lead to positive short-term market reactions as they suggest a higher valuation potential for the stock. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the increase in the price target could still lead to investor optimism.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100