ERock (NYSE:EROC) Now Covered by Analysts at Morgan Stanley

Investment analysts at Morgan Stanley assumed coverage on shares of ERock (NYSE:EROC) in a research note issued on Monday, MarketBeat reports. The firm set an “overweight” rating and a $21.00 price target on the stock. Morgan Stanley’s price objective suggests a potential upside of 34.44% from the stock’s previous close.

Several other brokerages also recently commented on EROC. Wall Street Zen raised shares of ERock to a “hold” rating in a research note on Saturday, June 20th. Bank of America started coverage on ERock in a research note on Monday. They issued a “neutral” rating on the stock. Evercore assumed coverage on ERock in a report on Monday. They set an “outperform” rating and a $28.00 price target on the stock. Finally, Wolfe Research initiated coverage on ERock in a report on Monday. They issued an “outperform” rating and a $24.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.25.

ERock Trading Up 1.0%

Shares of EROC opened at $15.62 on Monday. ERock has a twelve month low of $13.02 and a twelve month high of $20.70.