Morgan Stanley Maintains Equal-Weight on Corpay, Raises Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette maintains an Equal-Weight rating on Corpay (NYSE:CPAY) and raises the price target from $275 to $325.
October 29, 2024 | 11:20 am
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Morgan Stanley has increased the price target for Corpay from $275 to $325, maintaining an Equal-Weight rating. This suggests a positive outlook on the stock's potential performance.
The increase in price target from $275 to $325 by Morgan Stanley indicates a positive reassessment of Corpay's future performance. Although the rating remains Equal-Weight, the higher price target suggests potential upside, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100