Morgan Stanley Initiates Coverage On Azul with Equal-Weight Rating, Announces Price Target of $7.4
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on Azul (NYSE:AZUL) with an Equal-Weight rating and set a price target of $7.4.
May 24, 2024 | 4:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Morgan Stanley has initiated coverage on Azul with an Equal-Weight rating and set a price target of $7.4. This suggests a neutral stance on the stock, indicating that the stock is expected to perform in line with the market.
The Equal-Weight rating indicates that Morgan Stanley expects Azul to perform in line with the market. The price target of $7.4 provides a specific valuation benchmark for investors. This neutral stance is likely to result in limited short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100