Morgan Stanley Maintains Equal-Weight on Verra Mobility, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Verra Mobility (NASDAQ:VRRM) but has lowered the price target from $26 to $25.
October 30, 2024 | 5:42 pm
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Morgan Stanley has maintained an Equal-Weight rating on Verra Mobility but reduced the price target from $26 to $25, indicating a slightly less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a slightly less optimistic view on Verra Mobility's future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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