Morgan Stanley Upgrades Vtex to Overweight, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cesar Medina upgraded Vtex (NYSE:VTEX) from Equal-Weight to Overweight and increased the price target from $5.5 to $8.
January 05, 2024 | 12:56 pm
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Morgan Stanley upgraded Vtex to Overweight and raised the price target to $8, indicating a positive outlook on the stock.
Upgrades by prominent analysts like Morgan Stanley can lead to increased investor confidence and a potential rise in stock price. The raise in price target to $8 suggests a more optimistic valuation of Vtex, which may attract more buyers in the short term.
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