Morgan Stanley Maintains Equal-Weight on Liberty Energy, Maintains $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh maintains an Equal-Weight rating on Liberty Energy (NYSE:LBRT) and keeps the price target at $24.

April 22, 2024 | 5:26 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on Liberty Energy and a $24 price target.
The maintenance of an Equal-Weight rating and a steady price target by a major analyst like Morgan Stanley suggests a neutral outlook on LBRT's stock in the short term. This indicates that the analyst believes the stock is fairly valued at its current price, and there are no immediate catalysts expected to significantly change its valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90