Morgan Stanley Maintains Equal-Weight on Rover Group, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Schenk has maintained an Equal-Weight rating on Rover Group (NASDAQ:ROVR) and increased the price target from $7 to $11.
November 30, 2023 | 3:38 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Rover Group but raised the price target from $7 to $11, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive reassessment of Rover Group's value, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100