Morgan Stanley Maintains Overweight on On Holding, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton maintains an Overweight rating on On Holding (NYSE:ONON) but lowers the price target from $34 to $32.

March 13, 2024 | 3:30 pm
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Morgan Stanley maintains an Overweight rating on On Holding but lowers the price target from $34 to $32.
The adjustment in price target by a major analyst like Morgan Stanley can influence investor sentiment. However, the maintenance of an Overweight rating suggests a continued positive outlook on the company's fundamentals. The reduction in price target might reflect adjustments in market conditions or company valuation, but the overall bullish stance is intact. This could lead to mixed short-term reactions in the stock price, balancing between the positive rating and the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100