Wolters Kluwer: shares flat, despite upgrade
(CercleFinance.com) - Wolters Kluwer shares were broadly unchanged on Monday, despite positive Morgan Stanley's comments, which raised its target price for the share.
In mid-afternoon trading, the Dutch publisher's stock was up under 0.1% at 44.6 euros, while Amsterdam's AEX index was up 0.4%.
In a research report sent to clients, Morgan Stanley said it had raised its target price on the shares from 41.10 euros to 50 euros, to reflect "the substantial scale of the medium term margin improvement potential."
The broker otherwise maintains its "overweight" rating on the shares.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
In mid-afternoon trading, the Dutch publisher's stock was up under 0.1% at 44.6 euros, while Amsterdam's AEX index was up 0.4%.
In a research report sent to clients, Morgan Stanley said it had raised its target price on the shares from 41.10 euros to 50 euros, to reflect "the substantial scale of the medium term margin improvement potential."
The broker otherwise maintains its "overweight" rating on the shares.
Copyright (c) 2018 CercleFinance.com. All rights reserved.