Morgan Stanley Upgrades Valvoline to Overweight, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman upgraded Valvoline (NYSE:VVV) from Equal-Weight to Overweight and increased the price target from $37 to $44, indicating a positive outlook for the company's stock.
January 16, 2024 | 11:00 am
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Valvoline's stock rating was upgraded by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $37 to $44, suggesting a bullish stance on the stock's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect an improved outlook on the company's performance and potential. The increase in price target further reinforces the expectation of stock price appreciation.
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RELEVANCE 100