Morgan Stanley initiated coverage of Via Transportation (VIA) with an Equal Weight rating and $53 price target The company operates in the large public transit market and has a “wide competitive moat,” the analyst tells investors in a research note. The firm sees multiple avenues for Via to sustain 20%-plus sales growth but views the shares as fairly valued at current levels.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VIA:
- Via Transportation initiated with an Outperform at Citizens JMP
- Via Transportation initiated with a Neutral at Goldman Sachs
- Balanced Growth Potential and Profitability Concerns Justify Hold Rating for Via Transportation, Inc.
- Via Transportation, Inc.: Positioned for Growth in a $500 Billion Market with Strong Government Partnerships and Innovative Technology
- Opening Day: Cerebras Systems withdraws IPO filing