Morgan Stanley Downgrades Republic Servs to Equal-Weight
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Toni Kaplan downgraded Republic Services (NYSE:RSG) from Overweight to Equal-Weight, indicating a neutral outlook on the stock.
March 15, 2024 | 12:19 pm
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Republic Services was downgraded by Morgan Stanley from Overweight to Equal-Weight, suggesting a more cautious stance on the stock.
The downgrade from Overweight to Equal-Weight by a major analyst like Morgan Stanley suggests a shift to a neutral stance, potentially due to valuation or growth prospects. This could lead to short-term price stabilization or minor fluctuations as the market digests the news.
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