Loop Capital Downgrades MSC Industrial Direct Co to Hold, Announces $80 Price Target
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has downgraded MSC Industrial Direct Co (NYSE:MSM) from Buy to Hold, with a new price target of $80.
June 17, 2024 | 3:58 pm
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Loop Capital has downgraded MSC Industrial Direct Co from Buy to Hold, with a new price target of $80. This downgrade may lead to a short-term negative impact on the stock price as investor sentiment adjusts.
The downgrade from Buy to Hold by Loop Capital, along with a price target of $80, suggests a less optimistic outlook for MSC Industrial Direct Co. This is likely to cause a short-term decline in the stock price as investors react to the revised rating and target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100