Morgan Stanley analyst Josh Baer upgraded Via Transportation (VIA) to Overweight from Equal Weight with a price target of $41, down from $53. The firm says Via has a “differentiated platform and wide competitive moat” that can win meaningful share within a large public transit market. Despite the recent selloff, Via’s investment thesis remains intact and the shares now trade at a discount to peers, the analyst tells investors in a research note. Morgan Stanley believes the pullback in shares post the Q3 report “creates an attractive entry point.”
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