Morgan Stanley Initiates Coverage On Controladora Vuela with Overweight Rating, Announces Price Target of $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on Controladora Vuela (NYSE:VLRS) with an Overweight rating and a price target of $12.
May 24, 2024 | 9:32 am
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Morgan Stanley has initiated coverage on Controladora Vuela with an Overweight rating and a price target of $12, indicating a positive outlook for the stock.
The Overweight rating and $12 price target from a reputable firm like Morgan Stanley suggest a positive short-term impact on VLRS stock. Investors are likely to view this as a strong endorsement, potentially driving the stock price up.
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