Morgan Stanley Downgrades World Kinect to Underweight, Maintains Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded World Kinect (NYSE:WKC) from Equal-Weight to Underweight, while maintaining the price target at $28.

September 16, 2024 | 11:37 am
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Morgan Stanley has downgraded World Kinect from Equal-Weight to Underweight, indicating a less favorable view on the stock, but maintains the price target at $28.
The downgrade from Equal-Weight to Underweight by Morgan Stanley suggests a negative outlook on World Kinect's stock performance. Maintaining the price target at $28 indicates that the analyst does not expect significant price movement, but the downgrade itself could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100