Veeva Systems shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight.
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems' stock has been downgraded from Equal-Weight to Underweight by Morgan Stanley, leading to a decrease in the company's share price.
June 28, 2023 | 11:36 am
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NEGATIVE IMPACT
Veeva Systems' stock was downgraded by Morgan Stanley, which has resulted in a decrease in the company's share price.
The downgrade of Veeva Systems' stock by Morgan Stanley from Equal-Weight to Underweight indicates a negative outlook for the company's stock. This has led to a decrease in the company's share price, which is likely to continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100