Morgan Stanley Maintains Overweight on Stellantis, Raises Price Target to $30.4
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Harald Hendrikse maintains an Overweight rating on Stellantis (NYSE:STLA) and raises the price target from $26 to $30.4.
April 11, 2024 | 11:26 am
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Stellantis and increases the price target to $30.4.
The upgrade in the price target by a reputable analyst like Harald Hendrikse from Morgan Stanley suggests a strong confidence in Stellantis' future performance. This is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100