Morgan Stanley Initiates Coverage On Amer Sports with Equal-Weight Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton initiates coverage on Amer Sports (NYSE:AS) with an Equal-Weight rating and a price target of $16.

February 26, 2024 | 11:25 am
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Morgan Stanley initiated coverage on Amer Sports with an Equal-Weight rating and a price target of $16.
The initiation of coverage by a major financial institution like Morgan Stanley generally brings increased attention to a stock. An Equal-Weight rating suggests that the analyst believes Amer Sports will perform in line with the market or its sector, indicating a neutral short-term impact on the stock price. The price target of $16 provides a specific expectation for the stock's future performance, which could influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100