Morgan Stanley Initiates Coverage On Gates Industrial Corp with Equal-Weight Rating, Announces Price Target of $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on Gates Industrial Corp with an Equal-Weight rating and set a price target of $19.
September 06, 2024 | 1:41 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Morgan Stanley has initiated coverage on Gates Industrial Corp with an Equal-Weight rating and a price target of $19, indicating a neutral stance on the stock.
The initiation of coverage by Morgan Stanley with an Equal-Weight rating suggests a neutral outlook on GTES, indicating that the stock is expected to perform in line with the market. The price target of $19 provides a specific valuation benchmark for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100