Morgan Stanley Maintains Equal-Weight on Portillos, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour maintains an Equal-Weight rating on Portillos (NASDAQ:PTLO) but lowers the price target from $15 to $13.
July 16, 2024 | 4:15 pm
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Morgan Stanley's analyst Brian Harbour has maintained an Equal-Weight rating on Portillos but has lowered the price target from $15 to $13. This suggests a cautious outlook on the stock's short-term performance.
The lowered price target from $15 to $13 by a major financial institution like Morgan Stanley indicates a less optimistic view on Portillos' short-term performance. This could lead to a negative sentiment among investors, potentially driving the stock price down.
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IMPORTANCE 80
RELEVANCE 100