PTM - Morgan Stanley rates the stock as Underweight
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Morgan Stanley estimates around $210m of inflows in October, or at a 10% annualised run rate, up from the September outcome.
The broker considers the valuation full. Underweight retained. Target: $4.40. Industry View: In Line.
Sector: Diversified Financials.
Target price is $4.40.Current Price is $7.76. Difference: ($3.36) - (brackets indicate current price is over target). If PTM meets the Morgan Stanley target it will return approximately -76% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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