JP Morgan Maintains Neutral on MSC Industrial Direct Co, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Patrick Baumann maintains a Neutral rating on MSC Industrial Direct Co (NYSE:MSM) and lowers the price target from $87 to $73.
October 25, 2024 | 3:54 pm
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JP Morgan has maintained a Neutral rating on MSC Industrial Direct Co but has lowered the price target from $87 to $73, indicating a less optimistic outlook.
The lowering of the price target by JP Morgan suggests a less optimistic view on MSC Industrial Direct Co's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100