Morgan Stanley Downgrades Dada Nexus to Equal-Weight, Lowers Price Target to $4.78
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Qianlei Fan has downgraded Dada Nexus (NASDAQ:DADA) from Overweight to Equal-Weight and lowered the price target from $12.3 to $4.78.
October 19, 2023 | 8:41 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dada Nexus has been downgraded by Morgan Stanley from Overweight to Equal-Weight, with a lowered price target of $4.78.
The downgrade from Morgan Stanley is likely to negatively impact Dada Nexus's stock in the short term. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100