Morgan Stanley Downgrades BILL Holdings to Equal-Weight, Announces $105 Price Target
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Keith Weiss downgraded BILL Holdings (NYSE:BILL) from Overweight to Equal-Weight and set a $105 price target.
June 12, 2023 | 9:11 am
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Morgan Stanley downgraded BILL Holdings to Equal-Weight from Overweight and announced a $105 price target.
The downgrade from Overweight to Equal-Weight by Morgan Stanley indicates a less optimistic outlook for BILL Holdings. This could lead to a short-term negative impact on the stock price as investors may perceive the downgrade as a sign of weaker future performance.
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