Morgan Stanley Maintains Overweight on Perimeter Solutions, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh maintains an Overweight rating on Perimeter Solutions (NYSE:PRM) and raises the price target from $14 to $18.
September 16, 2024 | 4:59 pm
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POSITIVE IMPACT
Morgan Stanley has increased its price target for Perimeter Solutions from $14 to $18, maintaining an Overweight rating. This suggests a positive outlook for the company's stock.
The increase in price target from $14 to $18 by a major financial institution like Morgan Stanley indicates a strong positive sentiment towards Perimeter Solutions. The maintained Overweight rating suggests that the analyst expects the stock to outperform the market, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100