Morgan Stanley Upgrades Moog to Equal-Weight, Raises Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Kristine Liwag upgraded Moog (NYSE:MOG) from Underweight to Equal-Weight and increased the price target from $95 to $141, indicating a more favorable outlook for the company's stock.
November 22, 2023 | 10:33 am
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POSITIVE IMPACT
Moog's stock rating has been upgraded by Morgan Stanley from Underweight to Equal-Weight, with a significant raise in price target from $95 to $141, suggesting a positive shift in the company's stock valuation.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a change in the perceived value and prospects of a company. The substantial increase in Moog's price target by Morgan Stanley suggests a strong conviction in the company's improved outlook, which is likely to be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100