Shares of MSC Industrial Direct Co Inc (Symbol: MSM) reached $93.97, surpassing the average 12-month target price of $93.75 set by analysts. This movement prompts analysts to consider either downgrading the stock on valuation grounds or raising their target price, which currently varies from a low of $67 to a high of $105, with a standard deviation of $13.068.
Out of the 8 analysts covering the stock, there are 4 strong buy ratings and 6 hold ratings, while no buy, sell, or strong sell ratings have been issued. The average rating remains consistent at 2.2, indicating a cautious outlook amid mixed sentiment in the market.
