PRY - Morgan Stanley rates the stock as Underweight
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Morgan Stanley suggests GP churn and retention need to improve before it can be certain that the long-term value of the whole business can be realised.
This may take longer than initially anticipated, with potential short-term risks in the rest of the business.
The broker retains an Underweight rating and a $3.10 target. Industry View is In-Line.
Sector: Health Care Equipment & Services.
Target price is $3.10.Current Price is $3.70. Difference: ($0.60) - (brackets indicate current price is over target). If PRY meets the Morgan Stanley target it will return approximately -19% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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