SoFi Technologies shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight.
Portfolio Pulse from Benzinga Newsdesk
SoFi Technologies' stock has been downgraded from Equal-Weight to Underweight by Morgan Stanley, leading to a decrease in the trading price of the shares.
July 13, 2023 | 1:39 pm
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SoFi Technologies' stock was downgraded by Morgan Stanley, which has resulted in a decrease in the share price.
The downgrade of SoFi Technologies' 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 trading price of the shares, which could continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100