MSC Industrial Shares Gain 1.27% After Two Analysts Raise Targets
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MSC Industrial Supply Co. shares rose 1.27% Friday, Oct. 23, to close at $113.86 as Jefferies and Stephens upgraded the stock and raised their price targets, a day after shares fell 15.35% following fiscal fourth-quarter results. Jefferies analyst Stephen Volkmann upgraded MSC to Buy from Hold and raised his target to $135 from $130. Stephens analyst Tommy Moll upgraded the stock to Overweight from Equal Weight and raised his target to $135 from $130. MSC closed at $132.82 on Oct. 21, then fell to $112.43 Thursday, Oct. 22. Friday’s close was up from Thursday’s level.
Source: TokenPost
