Morgan Stanley Initiates Coverage On Donaldson with Underweight Rating, Announces Price Target of $59
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Angel Castillo has initiated coverage on Donaldson (NYSE:DCI) with an Underweight rating and set a price target of $59.
January 08, 2024 | 4:56 pm
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Morgan Stanley analyst Angel Castillo initiated coverage on Donaldson with an Underweight rating and a price target of $59.
The initiation of coverage by Morgan Stanley with an Underweight rating suggests that the analyst believes Donaldson's stock may underperform the broader market or its sector. The announcement of a price target can influence investor perception and potentially lead to a negative short-term impact on the stock price.
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