Bill Holdings shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight.
Portfolio Pulse from Benzinga Newsdesk
Bill Holdings shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight.

June 12, 2023 | 10:49 am
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Morgan Stanley downgraded Bill Holdings from Overweight to Equal-Weight, causing the stock to trade lower.
Morgan Stanley's downgrade of Bill Holdings from Overweight to Equal-Weight indicates a less favorable outlook for the stock. This change in rating is likely to negatively impact the stock price in the short term as investors adjust their positions based on the new rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100