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Morgan Stanley Initiates Coverage on WAY: Equal-Weight, $28 PT
Morgan Stanley has initiated coverage on Waystar Holding (WAY) with an Equal-Weight rating and a price target of $28. This new analyst coverage adds to existing ratings, with other firms like Deutsche Bank and Wells Fargo having previously issued Buy or Overweight ratings with varying price targets. Waystar Holding is a cloud technology provider for healthcare organizations, and the average target price from 21 analysts is $36.52, implying a significant upside from its current price.