Morgan Stanley Starts Valvoline (VVV) at Equalweight
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Morgan Stanley initiated coverage on Valvoline (NYSE: VVV) with an Equalweight rating and a price target of $26. Analyst Simeon Gutman thinks upside is priced in.
"We believe the stock price appropriately reflects the company's fundamental prospects: we see VVV capable of generating 4-5% top line and 810% bottom line growth."
Shares of Valvoline closed at $23.11 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Seaport Global Securities Starts Owens Corning (OC) at Buy
- MKM Partners Raises Price Target on Arista Networks (ANET) Following U.S. Customs and Border Protection Approval
- Oppenheimer Raises Price Target on NeuroDerm (NDRM) to $30 After Meeting with FDA
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, New Coverage
Related EntitiesMorgan Stanley
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!