Morgan Stanley Initiates Coverage On Ardagh Metal Packaging with Underweight Rating, Announces Price Target of $3.2
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Pamela Kaufman initiates coverage on Ardagh Metal Packaging (AMBP) with an Underweight rating and a price target of $3.2.
March 18, 2024 | 9:22 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley initiated coverage on Ardagh Metal Packaging with an Underweight rating and a price target of $3.2.
The initiation of coverage by Morgan Stanley with an Underweight rating suggests a bearish outlook on AMBP's stock. The price target of $3.2, presumably below its current trading price, indicates an expectation of a decline in the stock's value. This analysis is based on the assumption that Morgan Stanley's ratings are influential in the market and could lead to a negative short-term impact on AMBP's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100