Morgan Stanley Moves Hensoldt to Equal-Weight After Share Pullback and Guidance Reset
Morgan Stanley upgraded Hensoldt AG to an "equal-weight" rating from "underweight" and nudged its price target up to €82 from €78 following a roughly 23% decline from the stock's October high. The bank said consensus estimates have been reset after the company's capital markets day and adjusted its forecasts to reflect new guidance, changing free c…