Keybanc Maintains Overweight on MSC Industrial Direct Co, Lowers Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Ken Newman has maintained an Overweight rating on MSC Industrial Direct Co (NYSE:MSM) but has reduced the price target from $105 to $102.

January 10, 2024 | 9:32 am
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Keybanc maintains an Overweight rating on MSC Industrial Direct Co but lowers the price target from $105 to $102.
While the reduction in price target could suggest a slightly less optimistic view on the stock's valuation, the maintenance of an Overweight rating indicates that the analyst still sees the company as a good investment relative to its peers. The impact on the stock price is likely to be neutral in the short term as the reduction in target price is modest and the positive rating is reaffirmed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100