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UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Lowers PT On Neff Corp. On Model Update

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In a report published Wednesday, Morgan Stanley analyst Nicole DeBlase reiterated an Equal-Weight rating on Neff Corp. (NYSE: NEFF), but lowered the price target from $18.00 to $17.00.

In the report, Morgan Stanley noted, "NEFF's first quarter as a publicly traded company was strong, but investors remain concerned about the potential for O&G contagion to leak into the equipment rental space-especially since NEFF has not embedded deterioration into its 2015e outlook. We maintain our Equal-weight rating."

Neff Corp. closed on Tuesday at $10.54.

Latest Ratings for NEFF

DateFirmActionFromTo
Mar 2017Bank of AmericaUpgradesUnderperformBuy
Nov 2016JefferiesDowngradesBuyHold
Apr 2016Avondale PartnersMaintainsMarket Perform

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Posted-In: Morgan Stanley Nicole DeblaseAnalyst Color Price Target Analyst Ratings

 

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