Skip to main content

Market Overview

UPDATE: Morgan Stanley Reiterates on SPX on Potential Upside

Share:

In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on SPX (NYSE: SPW), and raised the price target from $108.00 to $117.00.

In the report, Morgan Stanley noted, “After years of inaction, we had some issues with the ‘raise number' button in our model. But with a bit of grease, we raise our FY14e by 4% to $5.37 and our PT ratchets up from $108 to $117. However, our base case SotP is higher suggesting scope for upside on further portfolio actions. Reiterate OW.”

SPX closed on Wednesday at $101.94.

Latest Ratings for SPW

DateFirmActionFromTo
Sep 2015SusquehannaMaintainsNeutral
Jul 2015Seaport GlobalInitiates Coverage OnNeutral
Jun 2015Bank of AmericaUpgradesUnderperformBuy

View More Analyst Ratings for SPW
View the Latest Analyst Ratings

 

Related Articles (SPW)

View Comments and Join the Discussion!

Posted-In: Morgan Stanley Nigel CoeAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
SPGIBMO CapitalMaintains428.0
INFOBMO CapitalMaintains110.0
RHCowen & Co.Maintains680.0
LRCXCowen & Co.Maintains700.0
ANTMCowen & Co.Maintains395.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com