Morgan Stanley Maintains Overweight on On Holding, Maintains $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton maintains an Overweight rating on On Holding (NYSE:ONON) with a $40 price target.
June 21, 2024 | 6:00 pm
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Morgan Stanley analyst Alex Straton maintains an Overweight rating on On Holding with a $40 price target, indicating confidence in the company's future performance.
The reaffirmation of an Overweight rating and a $40 price target by a major financial institution like Morgan Stanley is a strong positive signal for investors. It suggests that the analyst believes the stock is undervalued and has significant upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100