In a report published Tuesday, Morgan Stanley analyst Suzanne E. Stein downgraded the rating on West Corp. WSTC from Overweight to Equal-Weight, but reiterated the $29.00 price target.
In the report, Morgan Stanley noted, “We are downgrading WSTC to Equal-weight as we see greater upside for other stocks in our coverage universe, like VRSK and ARMK. WSTC has gained 16% QTD, outperforming the S&P 500, which was up only 3% over that time period. We maintain our $29 price target, implying only 5% upside at the current price of $27.67.”
West Corp. closed on Monday at $27.67.
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