Morgan Stanley Initiates Coverage On BBB Foods with Equal-Weight Rating, Announces Price Target of $22
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Ruben has initiated coverage on BBB Foods (NYSE:TBBB) with an Equal-Weight rating and set a price target of $22.

March 05, 2024 | 11:20 am
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Morgan Stanley initiated coverage on BBB Foods with an Equal-Weight rating and a price target of $22.
The initiation of coverage by a major financial institution like Morgan Stanley generally brings a stock into focus for investors. An Equal-Weight rating suggests that Morgan Stanley views TBBB as fairly valued at its current price, implying that the stock might perform in line with the market or sector averages. The price target of $22 provides a specific expectation for the stock's future price level but does not suggest a significant upside or downside, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100