Morgan Stanley Initiates Coverage On Rollins with Equal-Weight Rating, Announces Price Target of $42
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Toni Kaplan has initiated coverage on Rollins (NYSE:ROL) with an Equal-Weight rating and set a price target of $42 for the company's stock.
December 21, 2023 | 10:46 am
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Morgan Stanley analyst Toni Kaplan has initiated coverage on Rollins with an Equal-Weight rating and a price target of $42.
The initiation of coverage by Morgan Stanley with an Equal-Weight rating suggests a neutral outlook on Rollins' stock, indicating that the stock is expected to perform in line with the market or sector. The price target of $42 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about Rollins. The importance is significant as analyst ratings can influence investor perception and stock price, but it is not at the highest level as the rating is neutral rather than a strong buy or sell. The confidence level is high due to the credibility of Morgan Stanley as a financial institution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100