Morgan Stanley Downgrades Western Midstream to Equal-Weight, Maintains Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Western Midstream (NYSE:WES) from Overweight to Equal-Weight, while maintaining the price target at $42.
September 16, 2024 | 11:33 am
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NEUTRAL IMPACT
Morgan Stanley downgraded Western Midstream from Overweight to Equal-Weight, maintaining the price target at $42. This suggests a neutral outlook on the stock.
The downgrade from Overweight to Equal-Weight by Morgan Stanley indicates a shift from a positive to a neutral stance on Western Midstream. However, the maintained price target of $42 suggests no expected downside, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100