MSA Safety initiated with a Neutral at JPMorgan

JPMorgan initiated coverage of MSA Safety (MSA) with a Neutral rating and $200 price target which offers 10% upside potential. The firm views MSA’s long-term fundamentals as attractive. The Neutral rating reflects a balanced risk/reward relative to peers, the analyst tells investors in a research note. JPMorgan awaits clearer margin improvement and macro visibility in the coming quarters before recommending the shares.