JP Morgan Maintains Neutral on MSC Industrial Direct Co, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Patrick Baumann maintains a Neutral rating on MSC Industrial Direct Co (NYSE:MSM) and lowers the price target from $81 to $80.

July 03, 2024 | 2:02 pm
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NEUTRAL IMPACT
JP Morgan analyst Patrick Baumann maintains a Neutral rating on MSC Industrial Direct Co (NYSE:MSM) and lowers the price target from $81 to $80.
The Neutral rating suggests that the analyst does not expect significant upside or downside in the stock. The slight reduction in the price target from $81 to $80 indicates a marginally less optimistic outlook, but it is not a drastic change. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100