Morgan Stanley on Chemicals: Remain overweight on Deepak Nitrite raise target for PI Industries

Morgan Stanley maintains a cautious stance on the chemical sector, retaining an "Overweight" rating for Deepak Nitrite but lowering its target price. The sector faces headwinds including pricing pressures and limited growth prospects. While demand shows some signs of recovery, pricing remains a challenge. Morgan Stanley favors Deepak Nitrite for its relative strength and potential in the long term.